Klingele Paper & Packaging Group, one of the leading independent manufacturers of containerboard and corrugated board packaging has signed an agreement with Klabin S.A., the largest producer of paper and corrugated packaging in Brazil, to purchase the kraftliner mill in Nova Campina in the state of São Paolo.
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.