Double A Buys Alizay Pulp and Paper Mill from French Government
Arnaud Montebourg, French Minister for Industrial Renewal (left) congratulates Thirawit Leetavorn, Double A Sr. VP (right), after signing the agreement to finalize the acquisition of Alizay pulp and paper mill in France.
Jan. 28, 2013 - Thailand pulp and paper producer Double A said that it has acquired the Alizay pulp and paper mill located in northern France from the French government agency, Conceil General l’Eure.
Terms of the deal were not disclosed.
The former owner, Metsa Board, on Jan. 23 sold the Alizay mill to Conceil General l'Eure for EUR 22 million.
"This investment will open opportunities for Double A in Europe," said Mr. Thirawit Leetavorn, Senior Executive Vice President for Double A.
"Paper from Alizay will enhance our brand strength and allow Double A to be responsive to our customers’ needs,” Mr. Leetavorn added.
According to Double A, the Alizay mill will use two types of fiber for paper production — a virgin short fiber from the company's KHAN-NA1 tree plantations in Thailand, and recycled fiber which will be used for the production of Double A's "Evolve" paper brand.
1 Double A utilizes the "KHAN-NA" or the vacant spaces around and in between Thai farmer's rice fields for planting trees, which creates value from these empty spaces that would otherwise be unused.
SOURCE: Double A