Oct. 12, 2007 - M-real said that it has agreed to sell Zanders Reflex speciality paper mill in Düren, Germany to Arjowiggins Group.

"The sale of Zanders Reflex paper mill is part of M-real's strategic review," said Mikko Helander, M-real's chief executive.

"The mill is the only M-real plant that produces carbonless paper, so M-real is effectively withdrawing from that business," Helander added.

M-real expects the deal to close by the end of 2007.

The Zanders Reflex paper mill, which began operating in 1857, houses four paper machines that have a combined an annual capacity of 100,000 tons of speciality paper. The mill employs approximately 470 people and has sales of about EUR150 million.

SOURCE: M-real