Loparex Group sale completed

ABN AMRO Capital has completed its EUR 230 million management buy-out of Loparex Group, one of the world’s leading producer of release papers and films. This is their third acquisition this year in the Nordic region and the fourth transaction overall Johan Bjurstrom, Executive Director for the Nordic operation of ABN AMRO Capital stated that, “when looking to acquire Loparex we were particularly attracted by the company’s strong market position, global presence and track record of growth. We expect that Loparex, as a stand-alone company, will be able to further strengthen its position and accelerate growth of both revenue and earnings. We anticipate that a faster decision-making process and better coordination between Loparex units around the world will make the business more efficient in responding to customers and market needs. The company’s ability to deliver more focused R&D and support its customers globally will be key success factors in Loparex’ growth. ABN AMRO is looking forward to supporting Loparex with capital, international networks and its experience with numerous industry sectors that can help advance the company’s development”.

Loparex has a 21 percent share of the global release liner market. It has strong positions in North America and Europe, and a growing share in Asia with operations in China and India. All nine production facilities are part of the transaction, a purchase from the Finnish listed pulp and paper group UPM-Kymmene. 2004 turnover for Loparex Group was EUR 337 million. Pentti Kallio has been appointed as the new Loparex Group President & CEO. The Head Office will be located in Apeldoorn, The Netherlands.