Norske Skog in Sales Cooperation for North American Markets
March 17, 2011 - Norwegian publication paper producer Norske Skog and Swedish trading company CellMark AB have agreed to enter into an exclusive marketing agreement for sales in United States, Canada and Mexico.
As part of the deal, CellMark will purchase all shares of Norske Skog's sales company in the US and form a new marketing and distribution company to be named NorCell Inc., which will be based in Southport, Connecticut.
NorCell will have the exclusive marketing rights for all Norske Skog products sold in the United States, Canada and Mexico, Norske Skog said.
Mark Cassidy has been named president and CEO of NorCell.
Norske Skog expects to close the deal towards the end of the second quarter of 2011.
SOURCE: Norske Skog