Russian Taiga Group Acquires 100% of Karelia Pulp to Expand Paper and Packaging Business

Russian forest industry holding Taiga Group has completed the full acquisition of Karelia Pulp, a key player in the integrated pulp and paper business encompassing a range of production assets including pulp mills and packaging operations. This strategic move significantly augments Taiga Group’s capacity and market footprint in paper manufacturing and packaging materials, reinforcing its position in the evolving global forest products sector. The acquisition is expected to accelerate Taiga Group’s growth agenda, enable vertical integration, and provide greater operational synergies while supporting sustainable practices in line with industry trends. Karelia Pulp’s assets, such as its Kondo specialty pulp mill, complement Taiga’s existing portfolio, enhancing the company’s product diversity and competitiveness in domestic and international markets.