# UPM and Sappi form EUR 1.42 billion joint venture including European packaging paper mills

UPM and Sappi agreed a EUR 1.42 billion joint venture in which Sappi contributes European mills, including Ehingen and Gratkorn, linked to the Fusion Topliner premium liner for corrugated board.

- Type: Acquisition
- Announced: 2026-05-29
- Value: $1.65B (1.42B EUR)
- Status: announced
- Products: Fusion Topliner liner paper, packaging paper

## Companies

- [Sappi Limited](https://endata.com/companies/912.md) (partner)
- [UPM](https://endata.com/companies/5469.md) (partner)

## Sources

- [corruga.expert](https://corruga.expert/news/upm-and-sappi-form-a-e1-42-billion-joint-venture-why-corrugated-board-producers-should-watch-fusion-topliner/), 2026-05-29: "We have been searching for a solution to secure a long-term profitable future for our European business."

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