Stora Enso to divest Maxau paper mill to Schwarz Produktion

Stora Enso has signed an agreement to divest its Maxau graphical and publishing papers mill in Germany, and all related assets to Schwarz Produktion, part of Schwarz Group. The enterprise value is approximately €210m. Closing is expected in the beginning of 2023.

This transaction is part of the earlier announced plan to divest four of Stora Enso’s five paper mills. In line with its strategy, Stora Enso’s focus is on long-term growth potential for its renewable products in packaging, building solutions and biomaterials innovations.

“We are very pleased with this agreement, as it fulfils our goal of providing a sustainable long-term future for the Maxau site and its employees. We will continue with the divestment process for the remaining three paper assets; Nymölla, Hylte and Anjala,” says Seppo Parvi, CFO and Head of Paper Division, Stora Enso.

Join our Newsletter

Sign up to our weekly newsletters for updates on articles, interviews and events

Sign up