Suppliers secured for Rottneros Group’s investment in renewable energy

As part of its forest land optimisation, Stora Enso has signed an agreement to divest forest assets located in southern Sweden to the forestry fund Silvestica Green Forest AB. The total area of forest land in the transaction is approximately 5 200 hectares. The selling price is approximately SEK 940 million (EUR 90 million). The transaction is in line with Stora Enso’s policy of divesting non-core assets. The forest areas are located geographically far away from Stora Enso’s other forest lands, which limits the scale benefits. The forest land divestment has no impact on Stora Enso’s nearby Hylte Mill, which uses other wood supply sources for its production. The forest land corresponds to less than 0.5% of Stora Enso’s total forest land area in Sweden.

Mactac® announced that it has acquired Duramark Products Inc., previously known as Ritrama USA. The acquisition consists of the company’s Minneapolis, Minnesota, and Moore, South Carolina, facilities, including its new world-class coaters and advanced automation technologies. Both locations will be rebranded under the Mactac name, creating one of the largest, most diversified pressure-sensitive adhesive (PSA) suppliers in North America. “We are thrilled to make this announcement and to maximize Duramark Products’ recent investments in state-of-the-art equipment and processes,” said Ed LaForge, president, and CEO of Mactac. “We will leverage our experience and established network to help both locations reach their full potential, bringing much-needed product diversification and capacity to the industry.” Mactac’s continued focus on market growth and its diverse account base led to a need to strategically expand operations. With this significant investment, Mactac is affirming its continued commitment to expanding its technology, capacity, and adhesive formulation capabilities to be a full-service resource for customers.

UPM concluded the sale of its hydro power facilities in Steyrermühl, Austria to Energie AG, an energy infrastructure company located in Upper Austria on 31 July 2017. The transaction was announced in March 2017.