Logout
Click here for Pulp & Paper Radio International
The Paperitalo Library
Free Downloads
Search
My Profile
Login
Sappi Invests in Barrier Technology
Print

Johannesburg, South Africa 04 July 2017 -- Sappi Limited is pleased to announce that it will bolster its Packaging and Speciality Papers Business through the acquisition of the barrier film technology of Rockwell Solutions Limited (Rockwell Solutions). The transaction will mean that Rockwell Solutions will become a subsidiary of Sappi Europe. The size of the transaction does not require regulatory disclosure.

Sappi is one of the world's leading producers of speciality papers and carton board with a strong presence in meeting the increased global demand for sustainable barrier paper solutions. Commenting on the transaction, Thomas Kratochwill, Vice President Sales and Marketing, Packaging and Speciality Papers for Sappi Europe said "By gaining access to the barrier film technology of Rockwell Solutions Sappi will be able to accelerate the development of our own solutions and be able to offer our customers an even wider range of barrier coated packaging solutions."

The chairman of Rockwell Solutions, Dr Aziz Okhai, said "Rockwell Solutions is a high technology coatings family based producer and would benefit significantly by allying itself to a major player such as Sappi. It can only strengthen the future of all those who work at Rockwell Solutions". The transaction ensures that there will be no disruption to Rockwell Solutions' ongoing business and customers.

 

Related Articles:


Powered by Bondware
News Publishing Software

The browser you are using is outdated!

You may not be getting all you can out of your browsing experience
and may be open to security risks!

Consider upgrading to the latest version of your browser or choose on below: