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Sappi Limited, a leading global producer of dissolving wood pulp, speciality and packaging papers, graphic (printing and writing) paper and biomaterials, today announced that it had signed an agreement to acquire the speciality paper business of Cham Paper Group Holding AG (CPG) for CHF146.5 million (approximately $149 million).
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/ Sappi Limited (JSE: SAP, OTC: SPPJY) released its financial results for the fourth fiscal quarter and full year on Thursday, 16 November 2017.
Sappi delivers robust full year and 4th quarter results based on strong growth from the dissolving wood pulp and speciality packaging businesses
/ Sappi Chief Executive Officer Steve Binnie, commenting on the group’s performance, said: “Sappi has delivered another strong set of results with profits up 6% year-on-year. I am very pleased with the growth of the dissolving wood pulp (DWP) and speciality packaging businesses.”
Sappi invests in sugar separations and clean-up technology to strengthen its renewable bio-chemicals offering
/ Sappi Limited is pleased to announce that it will bolster its biorefining expertise through the acquisition of the Xylex® and Versalac® technologies owned by Plaxica Limited.
/ Sappi Chief Executive Officer Steve Binnie, commenting on the group’s performance, said: “I am pleased to report that during the past quarter Sappi delivered profits up 81% from a year ago, and reduced debt by a further 17% (US$265 million) year-on-year.”