Sell-offs and Closures = Big Changes

摘要

The latest sell-off casualty is my neighborhood paper mill, Aylesford Newsprint in Kent, UK. The mill was sold in October to U.S.-based private equity firm Martland Holdings. It was sold for a "nominal sum." The mill is barely 20 years old, and I first saw it when it was a hole in the ground. It was owned by Sweden's SCA and South Africa's Mondi. The mill has a capacity of 400 tpy of recovered fibre-based newsprint, but has been losing money for the last three years. Mondi Group CEO David Hathorn said, "This disposal allows us to continue to focus on our core businesses, while creating an opportunity for Aylesford to continue supplying newsprint to the major national newspaper groups in the UK."