Fredericks Michael & Co. is pleased to announce the sale of The Newark Group’s ownership interests in the Spanish wastepaper management companies Saica Natur Norte, S.A., Saica Natur Noreste, S.A. and the French wastepaper management company Saica Natur Sud, S.A. to Saica Natur, S.L., a wholly owned subsidiary of SAICA and one of Europe’s leading recycled paper producers and packaging groups. Fredericks Michael acted as the exclusive financial advisor to The Newark Group on these three transactions.
The sale is a step in The Newark Group’s plans to monetize assets in order to invest in its core businesses. FM&Co. advised Newark Europe throughout a negotiated process, including valuation matters and negotiations.
Newark Europe revenues in excess of EUR 145 million and approximately 630 employees, Newark Europe is a European leader in the manufacturing and converting of 100% recycled paperboard. Newark Europe operates three paperboard mills in Spain and Germany with a combined production capacity of over 250,000 tons per year and five converting units in Spain, France and the Netherlands, producing cores, graphic board and solid board packaging, among others. For more information about Newark Europe, visit www.newarkgroup.com
About Saica Natur, S.L.
Saica Natur, S.L. is the waste recovery business of Saica, Spain and one of Europe’s leading recycled containerboard producers and packaging companies, and offers integrated waste management at throughout mainland Spain, Portugal, the United Kingdom and the south of France. For more information, please visit www.saica.es