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UPM-Kymmene sold the Rosenlew flexible intermediate bulk container (FIBC) operations to management and a group of international investors of which the largest shareholder is 3i Group plc. The deal was announced on April 30, 2003 and closed in August 2003. Rosenlew's production plants are located in Belgium, Finland, France, Portugal and in the USA. In 2002, the turnover of the Rosenlew operations was EUR 40 million and the number of personnel 470.
Pöyry Capital acted as the Exclusive Financial Advisor to UPM-Kymmene Oyj. |