SWEDEN - Accent Equity acquires Grycksbo paper mill from Stora Enso

Grycksbo is a supplier of coated woodfree fine paper with good printing properties. Paper has been produced on the site since the 1740s. In 2005 Grycksbo produced approximately 250,000 tonnes of paper and achieved sales of about SEK 1.7bn, over 90% of which was exported. The company has some 500 employees.

Stora Enso’s decision to sell Grycksbo is based on a strategic reorientation towards other paper grades than those manufactured in Grycksbo. After becoming independent from Stora Enso, Grycksbo can focus further on product development and marketing in its areas of strength.

'We are very enthusiastic about the possibilities of strengthening Grycksbo’s market position in the coated, woodfree fine paper niche,' says Jan Ohlsson, CEO of Accent Equity Partners. 'The company’s big seller, G-Print, has great potential thanks to its good printability and runnability. We will continue to invest in research and product development to create even better products. Sales and marketing are another high-priority area. The company’s centuries-old know-how and loyal staff form a strong base from which to continue growing,' he adds.

The current president of the company, Lennart Westman, and his management group will be offered the chance to acquire a stake in the company. 'Stora Enso has naturally been of crucial importance in enabling Grycksbo to develop into a leading player on the fine paper market,'says Lennart Westman, president of Grycksbo.

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