Klingele Paper & Packaging Group has signed an agreement with Klabin S.A. to purchase the kraftliner mill in Nova Campina in the state of São Paolo, Brazil.
In March, Klabin made a contract with International Paper to purchase the paper mill together with six other production facilities. The current transaction between Klabin and Klingele is still subject to the approval of the Brazilian competition authority for Klabin’s previous acquisition of International Paper.
Nova Campina produces virgin fibre containerboard from eucalyptus and pine wood, which comes from FSC-certified plantations in the vicinity of the paper mill. This strategic move will improve the supply of raw materials to the Klingele Group and the Blue Box Partners Alliance.
