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BillerudKorsnäs divests Beetham mill

Packaging Solutions

BillerudKorsnäs has agreed with the British investment firm Inspirit regarding the divestment of the Beetham mill in Cumbria. The purchase price corresponds to an equity value of around SEK30 million.

‘The strategic importance of the Beetham mill for the rest of the group has been reduced since the investments in machine glazed (MG) paper production at Skärblacka a couple of years ago. With Inspirit, the Beetham mill gets an owner with the intention and resources to develop the business further,’ commented Christoph Michalski, president and CEO. The Beetham mill, acquired by Billerud in 2004, produces paper for medical equipment, food packaging and industrial applications. During the last 12 months, Beetham had net sales of around SEK480 million and an operating profit of around SEK13 million. The mill has an annual production capacity of 45,000 tonnes kraft paper and around 140 employees.


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