Sales cooperation for North American markets
(Thomson Reuters ONE) -
Norske Skogindustrier ASA and CellMark AB have agreed to enter into an exclusive
marketing agreement for sales in United States, Canada and Mexico. As part of
this agreement, CellMark will purchase all the shares of Norske Skog's sales
company in the US and form a new marketing and distribution company to be named
NorCell Incorporated, which will be based in Southport, CT (USA). The NorCell
company will have the exclusive marketing rights for all Norske Skog products
sold in the United States, Canada and Mexico.
"Norske Skog and CellMark's goal in this cooperation is to offer customers a
broader range of solutions for their publishing needs while maximizing
efficiency and minimizing cost in the supply chain, says the CEO of Norske Skog,
Sven Ombudstvedt.
Execution of the share sale and the start of the NorCell business are
anticipated to take place towards the end of the second quarter of 2011. Mark
Cassidy will be the President and CEO of the NorCell organization.
About Norske Skog
Norske Skog is the world's fourth largest producer of publication paper, with
14 wholly- and partly-owned mills in 11 countries. Norske Skog has a 6% share of
the global market for newsprint and magazine paper.
About CellMark
Since its establishment in 1984, the CellMark Group has become one of the
world's foremost providers of supply chain services to the pulp and paper
industry. CellMark's specialists in sales, marketing, logistics and financial
services feature market-leading know-how, and they embrace their challenging
role as innovators and developers of truly creative solutions.
The CellMark Group comprises four product divisions: Pulp, Paper, Packaging and
Recycling and the subdivisions Energy and Machinery. CellMark's global network
of 46 offices in 20 countries, complemented by numerous agents in other markets,
represents and supports the product divisions.
Today, CellMark's annual sales volume is in excess of 5 million tonnes.
CellMark's sourcing activities extend to more than 60 countries, with sales in
about 120 markets. Further, the Group currently has about 460 employees in
wholly-owned subsidiaries.
Oxenøen, 16 March 2011
Norske Skog
Corporate communication
For further information:
Vice President Corporate Communication
Carsten Dybevig
Mob: (+47) 917 63 117
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Norske Skog via Thomson Reuters ONE
[HUG#1497053]
Unternehmensinformation / Kurzprofil:
Datum: 16.03.2011 - 07:30 Uhr
Sprache: Deutsch
News-ID 52468
Anzahl Zeichen: 3336
contact information:
Town:
Lysaker
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 240 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Sales cooperation for North American markets"
steht unter der journalistisch-redaktionellen Verantwortung von
Norske Skog (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
