Sale of Norske Skog Boyer completed

17/04/2025

Norske Skog has signed a share sale agreement with Boyer Capital for the sale of the Australasian operations.

“It has been a pleasure to work together with David Marriner and his team at Boyer Capital to conclude this transaction. It is good to know that the mill will continue its operations under local ownership with willingness to invest and develop the site for the future. We look for look forward to following their development of the Boyer industrial site and to maintain our business relationship going forward,” says Geir Drangsland, CEO of Norske Skog.

Norske Skog signed a share sale agreement with Boyer Capital for the sale of the Australasian operations for approximately NOK 190 million. The transaction was completed on 16 April and cash proceeds of approximately NOK 150 million, net of transaction costs and working capital, was received in the beginning of the second quarter of 2025. 

Acknowledging the Boyer team

Norske Skog bids farewell to its Australian operations with the sale of the Boyer mill. This marks the end of an era and the conclusion of 25 years of ownership. The teamates left in Norske Skog extend our heartfelt gratitude to the Boyer team for their outstanding contributions and dedication over the years. Their efforts have been vital in shaping Norske Skog’s legacy as a global leader in the pulp and paper industry.

Norske Skog
Communications and Public Affairs