Sylvamo Acquires Mill in Nymolla, Sweden

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Sylvamo Acquires Mill in Nymolla, Sweden

PRESS RELEASE: Paid content from Business Wire

Press release content from Business Wire. The AP news staff was not involved in its creation.

January 2, 2023 GMT

MEMPHIS, Tenn.--(BUSINESS WIRE)--Jan 2, 2023--

Sylvamo (NYSE: SLVM), the world’s paper company, closed an agreement Monday acquiring Stora Enso’s uncoated freesheet paper mill in Nymolla, Sweden, for 150 million euros (approximately $160 million), subject to final net working capital and net debt adjustments.

About Sylvamo

Sylvamo (NYSE: SLVM) is the world’s paper company with mills in Europe, Latin America and North America. Our vision is to be the employer, supplier and investment of choice. We transform renewable resources into papers that people depend on for education, communication and entertainment. Headquartered in Memphis, Tennessee, we employ more than 6,000 colleagues. Net sales for 2021 were $2.8 billion. For more information, please visit Sylvamo.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20230102005031/en/

CONTACT: Investors: Hans Bjorkman, 901-519-8030,hans.bjorkman@sylvamo.com

Media: Adam Ghassemi, 901-519-8115,adam.ghassemi@sylvamo.com

KEYWORD: TENNESSEE EUROPE SWEDEN UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: FOREST PRODUCTS NATURAL RESOURCES

SOURCE: Sylvamo

PUB: 01/02/2023 08:15 AM/DISC: 01/02/2023 08:15 AM

http://www.businesswire.com/news/home/20230102005031/en