Klingele Paper & Packaging Group has signed an agreement with Brazilian paper and packaging manufacturer Klabin to purchase the kraftliner paper mill in Nova Campina.
In March, Klabin had made a contract with the American manufacturer International Paper to purchase the paper mill together with six other production facilities. The current transaction between Klabin and Klingele is still subject to the approval of the Brazilian competition authority for Klabin's previous acquisition of International Paper.
Nova Campina produces virgin fiber containerboard from eucalyptus and pine wood, which comes from FSC-certified plantations in the vicinity of the paper mill. Virgin fiber containerboard is especially suitable for the direct contact with foods, for high-quality printing and for the packaging of refrigerated products. This strategic move will improve the supply of raw materials to the Klingele Group and the Blue Box Partners Alliance.