Arjowiggins, a wholly owned subsidiary of Sequana Capital, has completed the takeover the 140,000-tonne-capacity plant, based in Château-Thierry France, as part of a move to increase its production of high-quality recycled pulp.
The transaction between both parties was completed on 7 January following the approval of the relevant regulatory bodies.
Arjowiggins chief executive Charles Dehelly said the buy "backs up our strategy of repositioning ourselves in value-added markets experiencing strong growth, such as those for environmentally friendly products".
He added the company could "step up the pace" in expanding its FSC-certified product range.
Arjowiggins seals deal to buy Greenfield SAS mill
Arjowiggins has bolstered its environmentally friendly paper production capacity after it finalised the purchase of the French deinking mill Greenfield SAS from parent company Cascades.
