Billerud has agreed with the investment company Mimir Group about a divestment of Managed Packaging, which offers packaging solutions to global brand owners. The transaction is expected to be completed during August 2023.

The intention to divest the business unit Managed Packaging is a consequence of Billerud's focus on packaging materials, which means a reduced strategic importance of service offerings. The sale will reduce complexity and positively impact Billerud's EBITDA margin.

The transaction is planned to be completed in August 2023 and is expected to result in a positive result effect for Billerud of approx. SEK 20 million ($2 million), which will be reported as an item affecting comparability in the Q3. The planned divestment's impact on Billerud's EBITDA and net debt will be immaterial.

Managed Packaging offers customized packaging solutions to global brands and retail chains with manufacturing in Asia and has a large network of production partners.

Billerud acquired 30% of the business in 2011 and the remaining 70% in 2013.

Billerud is one of the leading manufacturers of packaging paper made from virgin fibers.