Sylvamo signs put option to sell European mills to Midas Atlantic and Najafi
Sylvamo has entered into a put option agreement on a binding offer from private equity firm Midas Atlantic Partners, acting with The Najafi Companies, to acquire its European business, including the Saillat (France) and Nymolla (Sweden) uncoated freesheet mills and forestry operations. Midas Atlantic would take over the business with an agreed level of working capital and cash, and Sylvamo would keep the right to 20% of future distributions; no cash price was disclosed. A definitive share purchase agreement is to follow works council consultations, with closing expected by the end of the first quarter of 2027.
Why this mattersSelling Saillat and Nymolla would leave Sylvamo with its Americas operations and put two European uncoated freesheet mills under private equity ownership.
- Sylvamo has signed a put option agreement for a binding offer from Midas Atlantic Partners, in partnership with The Najafi Companies, to acquire its Europe business
- The business includes uncoated freesheet paper mills at Saillat, France, and Nymolla, Sweden, plus forestry and support operations
- Sylvamo will retain the right to 20% of future distributions from the divested business
- Works council and employee representative consultations must be completed before a definitive share purchase agreement is signed
- Closing is expected by the end of the first quarter of 2027
- Sylvamo reported 2025 net sales of USD 3.4bn and employs more than 6,500 people across Europe, Latin America and North America