Advisor to Sweden Timber in the acquisition of Hylte paper mill from Stora Enso
Norvara has acted as financial advisor to Sweden Timber in the acquisition of Hylte paper mill from Stora Enso
About the Company
Founded in 1907, Hylte Paper Mill is one of the world's largest paper mills with an annual capacity of 245 000 tonnes of high quality newsprint. The mill employs approximately 270 employees and is one of the most modern and environmentally friendly paper producers in the world. Based on 2022's turnover, the mill has an annual turnover of approximately SEK 1,800 million.
About the Acquirer
Sweden Timber is a Swedish-owned and expansive wood industry. The company produces and sells high quality wood products to the construction industry and timber trade, with customers in several export markets. Today, the company consists of sawmills and planing production in four Swedish locations, Malmbäck, Hjortkvarn, Skillingaryd and Mora.
About the Seller
Stora Enso Oyj is a producer of pulp, paper and other forest products with its head office in Helsinki, Finland. Stora Enso is listed on Nasdaq Helsinki and has a turnover of approximately EUR 12 billion in 2022.
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