FMN | June 7th, 2021

Maxcess Acquires OneBox Vision Ltd.

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Maxcess, a global provider of solutions for web han- dling applications, has acquired OneBox Vision Ltd. in Tipperrary, Ireland. OneBox Vision Ltd. was founded in 2011 by Conor O’Neill and brings a suite of proprietary vision inspec- tion solutions that will reportedly add to the existing Maxcess product range. O’Neill will be joining the Maxcess organization in a new role to expand Max- cess’ vision inspection solutions.

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Inland Named Molson Supplier of the Year

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Inland Packaging has been awarded the Packaging Materials Supplier of the Year by Molson Coors Bever- age Company (MCBC). In years past, Molson Coors Procurement held its an- nual Supplier Recognition Awards event at corporate headquarters, but this year it was held virtually. The purpose of the event is to recognize the excellence of Molson Coors’ most valued suppliers. Inland was one of the suppliers that were honored for exemplary per- formance in key strategic categories. Stora Enso Divests Sachsen Mill In Germany Stora Enso has signed an agreement to divest its Sachsen Mill located in Eilenburg, Germany, to the Swiss-based family-owned company Model Group. Sachsen Mill has an annual production capacity of 310,000 tons of newsprint specialty paper based on recycled paper. Closing Transaction Under the agreement,Model Group will own and op- erate Sachsen Mill after the transaction is closed. Stora Enso will continue to sell and distribute Sachsen’s pa- per products under a contract manufacturing agree- ment for a period of 18 months after the closing.After that period,Model will convert the mill to the produc- tion of containerboard. All 230 employees at Sachsen Mill will move to Model Group with the transaction. The enterprise value of the transaction is EUR 35 mil- lion, subject to customary purchase price adjustments. The impact on Stora Enso’s operational EBIT or net debt is not considered material. Stora Enso will book a one-time cost of approximately EUR 32 million in its IFRS operating profit in the second quarter of 2021, considered as an item affecting comparability (IAC). The transaction is expected to be closed during the third quarter of 2021.

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