Munksjö has signed an agreement for the divestment of its 60% shareholding in Hebei Minglian New Materials Technology Co., Ltd. to Mr. Shi Jinhuan, one of the founders and co-owner of the current minority shareholder, Hebei Minglian Project Management Partnership. Closing of the transaction is expected in October.

The transaction is part of Munksjö's strategy to focus the resources on its core operations and enhance competitiveness in the global decor paper and high-performance paper solutions markets. By transferring ownership to a dedicated local partner, the Xingtai plant will benefit from strong, long-term commitment and continuity.

Munksjö will continue to serve local customers with advanced decor paper solutions supplied from its European sites and supported by the local sales office in Shanghai.

Munksjö is a leading international manufacturer of decor paper solutions for the surface upgrading of wood-based panels.