07142020Tue
Last updateWed, 08 Jul 2020 11am
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Klingele acquires kraftliner factory in Brazil

The Klingele Paper & Packaging Group, one of the leading independent manufacturers of corrugated board base paper and corrugated board packaging, has signed an agreement with Klabin S. A., the largest producer of paper and corrugated board packaging in Brazil, to purchase the Kraftliner paper mill in Nova Campina in the state of São Paolo.

In March, Klabin signed an agreement with the American manufacturer International Paper to acquire the paper mill in a package together with six other production facilities. The current transaction between Klabin and Klingele is subject to the approval of the Brazilian competition authority for Klabin's previous acquisition of International Paper.
Nova Campina produces fresh fibre papers from eucalyptus and pine wood from FSC-certified plantations in the vicinity of the paper mill. Fresh fibre papers are particularly suitable for direct contact with food, for high-quality printing and for packaging chilled products. This strategic step will improve the supply of raw materials to the Klingele Group and Allianz Blue Box Partners.

www.klingele.com

 

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