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Sappi Limited announced today that it has concluded an agreement with AURELIUS Investment Lux One S.à.r.l. (“AURELIUS”) regarding the divesture of its Maastricht Mill in the Netherlands, its Stockstadt Mill in Germany and its Kirkniemi Mill in Finland (the “Transaction”).
With the increased global push for environmentally friendly and sustainable paper-based packaging solutions, Sappi has made great strides in developing breakthrough proprietary barrier technology to offer new opportunities to satisfy this need.
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Sappi Limited, a leading global producer of dissolving pulp, speciality and packaging papers, graphic paper and biomaterials, today announced that it had signed an agreement to acquire the 270,000 tons per year Matane high yield hardwood pulp mill from Rayonier Advanced Materials for US$175 million.
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Commenting on the group’s results, Sappi Chief Executive Officer Steve Binnie said: “I am pleased with another strong performance from the Group which was well above pre-Covid levels and the best ever first quarter results. EBITDA of US$290 million was 21% above the prior year and in line with guidance provided in the previous quarter. The positive results were underpinned by year-on-year pricing gains for paper products which offset cost inflation, lower sales volumes and delivered an EBITDA margin of 17.5%.”
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Commenting on the group’s results, Sappi Chief Executive Officer Steve Binnie said, “I am very pleased with Sappi’s exceptional performance this past year. Once again, the dedication and resilience of the Sappi team shone through, this year delivering EBITDA of US$1,339 million, well above the previous record set in FY2000 (US$1,052 million)."
Sappi issued on 4 August 2022 via the Stock Exchange News Service of the JSE an announcement entitled 'Third quarter results for the period ended June 2022'.
Sappi Biotech, Frankfurter Brett’s and Kegelmann Technik, announced a new innovation; a sustainable kitchen console made from Sappi Symbio.  Sappi Symbio combines high quality cellulose from woodfibre and thermoplastics. The benefits of Sappi Symbio include a natural look, a soft touch, high rigidity and strength together with a lower environmental footprint.
Innovation is embedded in Sappi's DNA with the latest expression in an exciting new collaboration with the Rochester Institute of Technology in upstate New York.

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