Rottneros Packaging AB, a wholly-owned subsidiary in the Rottneros Group, develops, manufactures and sells food packaging based on cellulose fibre under the SilviPak brand.
Rottneros has concluded an agreement with the Swiss packaging company SIG Combibloc concerning the assignment of intangible assets, mainly in the form of patents and patent applications.
Rottneros Packaging's business operation with food trays under the SilviPak brand is not covered by this agreement. This transaction will have a minor impact on Rottneros' income statement, but will improve the Group's cash flow. The parties have agreed to keep the financial details related to the agreement confidential.
For further information, please contact:
Ole Terland, President and CEO, +46 8 590 010 00
This information is such that Rottneros must disclose in accordance with the Swedish Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication on Friday 19 February at 10.00 CET.
You can read the press release incl attachments here.