Pankakoski Mill acquired by Powerflute stable

摘要

Stora Enso is selling the 100,000 tpy Pankakoski board mill to a group of investors led by Dr Dermot Smurfit and including Lans-downe Capital.The debt-free sales price is euro 20 million,subject to closing date adjustment.Last year,the same group acquired the 220,000 tpy Savon Sellu Mill which produces semi-chemical fluting.The mill is run by a company called Powerflute which has increased output to 260,000 tpy last year.