Stora Enso divests Swedish packaging manufacturer June Emballage
December 20, 2018
SWEDEN (News release) -- Stora Enso has divested 100% of the shares of its Swedish subsidiary June Emballage AB to its current management team. June Emballage is a manufacturer specialized in small-batch custom-made transport packaging in corrugated board.
"We believe that June Emballage is in a better position to serve its smaller scale markets for custom-made packaging as a stand-alone supplier. Stora Enso will continue to focus on growing our core business and further develop our leading corrugated packaging offering in Sweden," says David Ekberg, SVP and Head of Corrugated Nordics, Stora Enso's Packaging Solutions division.
The transaction will not have any significant impact on Stora Enso's sales, operational EBIT or net debt.