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Sappi successfully concludes its acquisition of the speciality paper business of Cham Paper Group Holding AG (CPG)
28 February 2018
Sappi Limited, a leading global producer of dissolving wood pulp, specialities and packaging papers, printing and writing papers and biomaterials, today announced that all conditions precedent relating to the acquisition of the speciality paper business of Cham Paper Group Holding AG (CPG) have been fulfilled and closing has been completed.

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.”

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From a single pulp and paper mill producing paper from straw in 1938, Sappi has evolved into a global provider of dissolving wood pulp, packaging and specialty papers, and graphic papers, as well as biomaterials and biochemicals.

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