Sylvamo Acquires Mill in Nymolla, Sweden

Rhea-AI Summary

Sylvamo (NYSE: SLVM), a leading paper company, announced the acquisition of Stora Enso's uncoated freesheet paper mill located in Nymolla, Sweden. The deal is valued at 150 million euros (approximately $160 million), with final adjustments based on net working capital and net debt. This strategic acquisition aims to enhance Sylvamo's market presence and operational capabilities in Europe. The company is headquartered in Memphis, Tennessee, and employs over 6,000 staff globally, with net sales reaching $2.8 billion in 2021.

Positive

• Acquisition of Stora Enso's mill may expand market presence in Europe.
• Transaction value of 150 million euros could enhance operational capabilities.

Negative

• None.

MEMPHIS, Tenn.--(BUSINESS WIRE)-- Sylvamo (NYSE: SLVM), the world’s paper company, closed an agreement Monday acquiring Stora Enso’s uncoated freesheet paper mill in Nymolla, Sweden, for 150 million euros (approximately $160 million), subject to final net working capital and net debt adjustments.

About Sylvamo

Sylvamo (NYSE: SLVM) is the world’s paper company with mills in Europe, Latin America and North America. Our vision is to be the employer, supplier and investment of choice. We transform renewable resources into papers that people depend on for education, communication and entertainment. Headquartered in Memphis, Tennessee, we employ more than 6,000 colleagues. Net sales for 2021 were $2.8 billion. For more information, please visit Sylvamo.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230102005031/en/

Investors: Hans Bjorkman, 901-519-8030, hans.bjorkman@sylvamo.com

Media: Adam Ghassemi, 901-519-8115, adam.ghassemi@sylvamo.com

Source: Sylvamo

FAQ

What is the value of Sylvamo's recent acquisition?

Sylvamo's acquisition of Stora Enso's mill is valued at 150 million euros (approximately $160 million).

Where is the acquired mill located?

The acquired mill is located in Nymolla, Sweden.

How does this acquisition impact Sylvamo's operations?

The acquisition is expected to enhance Sylvamo's market presence and operational capabilities in Europe.

What was Sylvamo's net sales figure for 2021?

Sylvamo reported net sales of $2.8 billion in 2021.