Borregaard have just completed their purchase of the Swiss company Atisholz. The acquisition which has cost Borregaard for CHF 130 million, free of liabilities and including working capital was first announced on September 4th.
Under the new ownership Atisholz will be renamed to Borregaard Schweiz AG. The business will operate within the cellulose and wood chemicals industry.
Atisholz operates a cellulose plant in Solothurn in Switzerland. The plant has a capacity of about 135,000 tonnes per year and has 350 employees. Other product lines include ethanol, lignin raw materials and yeast products from wood.
It is a very high tech plant thanks to investments made over the last few years. This puts in it good stead for producing specialty cellulose in the future.
The production of specialty cellulose is in line with Borregaards intention to strengthen its ability to service this market. The acquisition of Atisholz comes after the divestment of several other business divisions and power plants.
Specialty cellulose products are used to produce products for construction and food industries as well in tablets, adhesives and plastics applications.
For more information on cellulose materials, click here.