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Sale of Cargo Pak

3/5/2003 3:31 PM

Korsnäs Packaging, a subsidiary of Industriförvaltnings AB Kinnevik, has today completed the sale of Cargo Pak to Illinois Tooling. Cargo Pak, an operating division within Korsnäs Packaging, is a market leader in the production of airbags for stabilizing cargo, and has a strong market position outside the Americas. Illinois Tooling, a large industrial group, is a market leader in airbag production in the US and this acquisition will further consolidate the group's global position.
The capital gain arising from this asset sale amounts to ? 5 million.
 
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