Sappi, UPM propose $1.65B graphic paper joint venture

This story was originally published on Packaging Dive. To receive daily news and insights, subscribe to our free daily Packaging Dive newsletter. South Africa-based Sappi Ltd. and Finland-based UPM-Kymmene Corp. announced their intention to combine forces in their European business units to form a joint venture for graphic paper worth an estimated 1.42 billion euros, $1.65 billion. The deal includes a mill in the United States and has broader implications for the North American market. The companies say ...