Sappi invests in barrier technology
(Johannesburg, July 05, 2017) Sappi Limited will bolster its Packaging and Speciality Papers Business through the acquisition of the barrier film technology of Rockwell Solutions Limited (Rockwell Solutions). The transaction will mean that Rockwell Solutions will become a subsidiary of Sappi Europe. The size of the transaction does not require regulatory disclosure.
Sappi is one of the world’s leading producers of speciality papers and carton board with a strong presence in meeting the increased global demand for sustainable barrier paper solutions. Commenting on the transaction, Thomas Kratochwill, Vice President Sales and Marketing, Packaging and Speciality Papers for Sappi Europe said “By gaining access to the barrier film technology of Rockwell Solutions Sappi will be able to accelerate the development of our own solutions and be able to offer our customers an even wider range of barrier coated packaging solutions.”
The chairman of Rockwell Solutions, Dr Aziz Okhai, said “Rockwell Solutions is a high technology coatings family based producer and would benefit significantly by allying itself to a major player such as Sappi. It can only strengthen the future of all those who work at Rockwell Solutions”. The transaction ensures that there will be no disruption to Rockwell Solutions’ ongoing business and customers. (Source: press release)