# UPM and Sappi sign definitive agreement for graphic paper joint venture

UPM and Sappi signed a definitive agreement to form a 50/50 graphic paper joint venture combining UPM Communication Papers and Sappi's European graphic paper business. The parties expect about €100 million annual synergies and have secured €600 million of external financing.

- Type: Acquisition
- Announced: 2026-05-28
- Where: Europe
- Status: announced
- Products: graphic paper

## Companies

- [Sappi Limited](https://endata.com/companies/912.md) (partner)
- [UPM-Kymmene](https://endata.com/companies/14324.md) (partner)

## Sources

- [tools.prnewswire.com](https://tools.prnewswire.com/en-us/live/20813/release/20260528EN70076), 2026-05-28: "UPM has today signed a definitive agreement to form a graphic paper Joint Venture with Sappi"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.