Managed Packaging News Today

Paper and packaging group Billerud has agreed a divestment of its Managed Packaging business unit to investment company Mimir Group.

Billerud has reported a 13% year-on-year decline in net sales to SEK 9.95 billion (€860 billion) in the second quarter of its financial year.

Pulp and paper manufacturer Billerud has announced it has agreed with the investment company Mimir Group about a divestment of Managed Packaging, which offers p...

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.

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