White & Case advises Valmet on €380 million acquisition of Körber’s Business Area Tissue
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Global law firm White & Case LLP has advised Valmet on its acquisition of Körber's Business Area Tissue, which specialises in converting and packaging technologies and services for the tissue industry, for an enterprise value of approximately €380 million.
Headquartered in Finland, Valmet is a global developer and supplier of process technologies, automation and services for the pulp, paper and energy industries. It had net sales of approximately €5.1 billion in 2022 and has 17,500 employees globally. The acquired business will be integrated into Valmet's paper business line as a separate business unit.
Körber's Business Area Tissue offers process technologies and related services for producing final tissue products. It had net sales of €305 million in 2022 and has over 1,000 employees in Italy, Brazil, the U.S., China and Japan.
The White & Case team which advised on the transaction was led by partners Timo Airisto (Helsinki) and Carola Glasauer (Frankfurt) and included partners Tim Bracksiek (Frankfurt), Tanja Törnkvist (Helsinki), Maria Cristina Storchi (Milan) and Dan Latham (New York) and associates Jussi Kukko, Satu Lindvall, Asmo Esser, Pauliina Heikkonen (all Helsinki), Cristina Riva, Daniele Pojani, Lorenzo Grampa (all Milan), Rita Li (Shanghai), Amy Jiang (New York), Shumpei Kogasaka (Tokyo), Martina Castrén (Brussels, Helsinki) and Joao Lacerda (London, Brussels).
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