Thursday, October 4, 2012

British Paper Mill Moves To American Ownership

http://www.growthbusiness.co.uk/news-and-market-deals/mergers-and-acquisitions/2126283/british-paper-mill-moves-to-american-ownership.thtml
A US private equity firm has taken control of Aylesford Newsprint, a Kent-based recycled paper mill. SCA Forest Products and Mondi Group has sold its shareholdings in Aylesford Newsprint to The Martland Holdings for an undisclosed amount. Located in Kent, Aylesford has a capacity to produce 400,000 tonnes of newsprint year from recycled fibre. According to a statement, the company supplies major national newspaper groups in the UK and generated £150 million of revenues in 2011.