Kotkamills reorganizes its group structure, transferring its Imprex, Absorbex and wood businesses to subsidiaries

BRUSSELS, Sept. 7, 2017 (PPI Europe) -Finland’s Kotkamills has implemented a reorganization of its group structure and transferred materially all assets and liabilities of its Imprex, Absorbex and wood business lines to its wholly-owned subsidiaries Kotkamills Imprex Oy, Kotkamills Absorbex Oy and Kotkamills Wood Oy.

The transfer, which took effect September 1, includes buildings and machines, current assets, receivables, working capital and intellectual property rights, the firm said in a statement.

Kotkamills’ consumer boards business, which comprises its AEGLE folding boxboard and ISLA food service board products, remains a part of Kotkamills Oy.

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