The 1980s and 90s was a time for mergers and acquisitions for Holmen. In 1988 Holmen was acquired by MoDo, a large fine paper manufacturer. The new company group that was formed had nine independent business areas: Forest, wood products, pulp, fine paper, printing paper, hygiene, paperboard, lignin and finance.
Ten years later, in 1999 the decision was made to focus on wood-containing printing paper and paperboard. The business areas forest, wood products and energy were also deemed to be valuable operations and were kept in the group, while all other divisions were sold off. The new constellation became the Holmen Group that we know today.
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