Portfolio

Investment Date

February 2011

Industry

Paper & Packaging

Transaction Type

Corporate Carve-out, Cross-border

Investment Status

Realized

Geography

France

NorPaper

NorPaper Avot-Vallée is a leading producer of white top testliner paper.

Highlights

  • NorPaper is headquartered in northern France, the business employs over 200 people.
  • NorPaper is a leading producer of white top testliner paper that is sold to European packaging manufacturers.
  • In 2015, OpenGate completed an accretive add-on acquisition of a complementary paper business from DS Smith and has integrated the business into NorPaper, expanding production to 200kT, and thereby making NorPaper the number one independent testliner paper producer in France and among the top five in Europe.
  • Acquired from Cascades. 
  • June 21, 2018 NorPaper Group was sold to Gemayel & Chaoui Industriel Group