Stora Enso continues its expansion in the South with the purchase of 100% of the shares in Vinson Indústria de Papel Arapoti Ltda. and Vinson Empreendimentos Agricolas Ltda. from International Paper.
The US$420 million deal includes a 205,000 t/yr paper mill, a 150,000 m3/yr sawmill and 50,000 hectares of land (of which 30,000 hectares are plantations). The operations are at Arapoti, in the state of Paraná.