The transaction is expected to be closed during March once all legal and administrative conditions will be fulfilled.
UPM stopped the production of coated magazine paper on the mill on 4th January.

Blue Paper SAS will convert the mill to produce recycled fibre-based fluting and test-liner. The company plans to invest more than EUR 100 million for this conversion. Main partners for this rebuild with state-of-the-art technology will be Metso and Kadant. The rebuild will enable an annual production capacity of 277,000 t.

The production is expected to start after completing investments in September 2013. Later on, a capacity increase to 400,000 t is planned. Blue Paper SAS will create 130 new jobs at the mill that will be offered to former Stracel employees.