Brief: Bong: Consolidation Of Envelope Industry In The Nordics

Bong AB

17/01/2018 15:31

Jan 17 (Reuters) - BONG AB  BOLJ.ST : 
    * BONG WILL OFFER MAJORITY OF INTERMAIL'S SALES 
REPRESENTATIVES IN 
SWEDEN, DENMARK AND FINLAND EMPLOYMENT IN BONG 
    * INTERMAIL HAS TAKEN STRATEGIC DECISION TO CEASE ITS 
ENVELOPE 
BUSINESS IN NORDICS AND THEIR ENVELOPE PRODUCTION, 
    * PRODUCTION OF ENVELOPES WILL BE DONE IN BONG'S EXISTING 
FACTORIES 
    * AGREEMENT INCLUDES ROYALTY PAYMENT FROM BONG TO INTERMAIL 
DURING 
COMING THREE YEARS 
    * CLOSING OF TRANSACTION IS PLANNED FOR MARCH 2018 
 
Source text for Eikon:  ID:nWkr6V5qZN  
Further company coverage:  BOLJ.ST  
 
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