Change of Ownership in
ScandFibre Logistics AB

ScandFibre Logistics AB (SFL) is a transport and logistics company, specializing in rail transports for the Swedish pulp and paper industry. SFL operates an international railway system called Rail11. With good industry knowledge and highly developed logistics skills, SFL delivers cost efficient and environmental friendly railway solutions, mainly for large scale export volumes of paper/paperboard from Scandinavia. The company offer possibilities to other industries to use railway services for return- and import volumes. Currently the company employs 35 people and has a turnover of 90 mEUR. The head office is located in Örebro, Sweden.

BillerudKorsnäs AB, which currently owns 40% of the shares in ScandFibre Logistics AB, has today announced an agreement with current owners (Mondi Dynäs AB, Smurfit Kappa Piteå AB och Holmen AB) to purchase all outstanding shares in SFL. BillerudKorsnäs will therefore be 100% owner of the company. BillerudKorsnäs is already today the biggest utilizer of Rail11, the company recently announced increased production capacity and transport needs from their Swedish mills and they have a strategy to use railway transports as part of their sustainability strategy. In order to secure continuous operation and long term development of ScandFibre, BillerudKorsnäs has consequently agreed with the other owners to purchase all the shares in SFL.

In connection to the ownership changes, agreements for rail transports covering the period 2017-2019 have been prepared. Within the near future it is the intention to sign agreements with several international railway operators. A new and further improved railway system Rail17 will start 2017. All of the current owners have been offered to continue using the services of ScandFibre Logistics in Rail17. Mondi Dynäs AB and Smurfit Kappa AB have signed an agreement to continue their railway transports with ScandFibre in Rail17 with the same scope as current transports in Rail11. Both companies support BillerudKorsnäs in its ambition to further develop ScandFibre Logistics AB.

The ownership change is subject of approval from relevant competition authorities. BillerudKorsnäs’ acquisition will be completed when such approval is granted. Completion of the acquisition is expected to occur mid-April, 2016.

2016-02-17
Mats Erkén, VD
Mats.erken@scandfibre.se
+46-70-343 0605