mutares informed that Net Asset Value (NAV) of Wood & Paper segment reached 12.1% as of December 31, 2016. According to the announcement, the cluster’s NAV accounted for EUR 37.2 million out of the total EUR307.9 million .
- in May 2016 mutares AG acquired Sonoco Paper France, a French manufacturer of core board with 73 employees and a turnover of EUR 32 million
- in May 2015 mutares acquired Zanders, a German manufacturer of premium paper with 480 employees and a turnover of EUR 99 million
- in October 2015 mutares acquired Norsilk, a French manufacturer of wood products for construction purposes with 115 employees and a turnover of EUR 43 million.
About mutares AG:
The company specializes on acquisition of companies, that are being sold in the course of a repositioning process at their owners and that show a clear operational improvement potential.