Midas Atlantic Buys Sylvamo's European Paper Business
A put option agreement covers Sylvamo's European uncoated freesheet paper and forestry operations, with closing expected in early 2027.
Updated on Nov. 6, 2026 in Business Strategy
Midas Atlantic Partners, together with The Najafi Companies, has signed a put option agreement with Sylvamo Corporation for its European operations. The business includes uncoated freesheet paper mills in Saillat and Nymölla and forestry operations across Europe.
Why it matters
The deal would transfer a European paper producer serving office and commercial printing to private equity ownership through a corporate carve-out. Closing depends on required consultation processes and regulatory approvals.
The business generated approximately EUR 630 million in revenue in the fiscal year ended December 2025 and operates two large-scale, vertically integrated pulp and paper mills. The transaction's financial terms and purchase price have not been disclosed.
The players
Midas Atlantic Partners
Midas Atlantic Partners is a private equity group that invests in global corporate carve-outs and special situations without fund life constraints.
The Najafi Companies
The Najafi Companies is an investment firm founded by Jahm Najafi in 2002 that is co-sponsoring the acquisition alongside Midas Atlantic Partners.
Sylvamo Corporation
Sylvamo Corporation is a global paper manufacturer that is divesting its European uncoated freesheet paper and forestry operations.
The details
The European business comprises Sylvamo's uncoated freesheet paper mills in Saillat and Nymölla, plus forestry and supporting operations across Europe. Its cut-size office paper is sold under brands including REY and Multicopy, and the business is headquartered in Belgium.
Timeline
December 2025: Fiscal year ends with the business generating about EUR 630 million in revenue.
November 6, 2026: Put option agreement is announced publicly.
First quarter of 2027: Closing is expected, once consultations and regulatory approvals are complete.
Market Landscape
The deal follows the pattern of corporations separating mature, non-core divisions into standalone units for specialized investors. It places a European uncoated paper producer under private equity ownership as demand for office printing paper continues to shift.
For customers who buy office and commercial printing paper from brands such as REY and Multicopy, the change in ownership may affect supply and product continuity. The transaction does not yet include disclosed changes to pricing or product lines.
The takeaway
Corporate carve-outs like this one show how large companies are reshaping their portfolios by selling non-core assets to specialized owners. Readers tracking European paper supply should watch for the regulatory and consultation milestones that will determine the final closing.
What happens next
Closing of the transaction is expected in the first quarter of 2027, subject to the completion of required consultation processes and regulatory approvals.
Further reading
For related coverage of corporate restructuring moves, see Business Strategy.
Source note: This article includes information reported by Owen Sound Sun Times.
