- August 14, 2012
CRANFORD, NJ | The Newark Group, global producer of 100% recycled paperboard and paperboard products, announces the sale by its European Operations of its minority shareholdings in three waste recovery companies in Spain and the South of France to the majority shareowner, SAICA Natur. SAICA Natur is the waste recovery business of SAICA, the major Spanish containerboard producer and packaging company. The sale is a step in Newark’s plans to monetize assets in order to invest in its core businesses.
The Newark Group says the long-standing and excellent relationship between Newark and SAICA Natur will continue as the parties have agreed to recovered paper supply contracts that will provide Newark’s Spanish paper mills with recovered paper under the same conditions as before the sale.