Sylvamo to acquire Stora Enso's Nymolla mill for €150M cash; close by Q1 2023

Sylvamo Corp

Deal value €150M (~$150M) cash; includes mill, brands, and employees; expected close no later than Q1 2023.
Mill capacity ~500,000 short tons uncoated freesheet; generated €350M revenue in LTM ending June 2022.
Integrated mill produces 85% of energy from carbon-neutral renewable biomass; low-cost operation.
Acquisition expected to be immediately accretive to EPS and free cash flow; strengthens product mix.
Subject to customary closing conditions and regulatory approvals.

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