Klabin sells Nova Campina packaging paper unit to Klingele Paper & Packaging for R$196M

Brazil's Klabin agreed to sell its packaging paper unit in Nova Campina, São Paulo, to Klingele Paper & Packaging for R$196 million, with R$132 million paid at closing. The unit has nominal capacity of 162,000 tonnes per year of kraftliner and is subject to CADE approval.

“a venda da unidade de papéis para embalagens localizada na cidade de Nova Campina (SP) para o Grupo Klingele Paper & Packaging por R$ 196 milhões”forbes.com.br

• 3 sources
• forbes.com.brKlabin fecha venda de unidade de papéis para embalagens por R$ 196 milhõesJun 24, 2020
• packaging-journal.deKlingele acquires kraftliner factory in Brazil - packaging journalJun 25, 2020
• worldofprint.comKlingele acquires kraftliner factory in Brazil - World of PrintJun 29, 2020

Summarized from public sources; check the original articles before acting on it.