Europapier completes EU-RO Handelsges.m.b.H. takeover
Vienna, 26 June 2017. Last Friday, Europapier CE GmbH, a Heinzel Group subsidiary, signed an agreement regarding the purchase of the residual 50 per cent of shares in EU-RO Handelsges.m.b.H., which to date was owned by Rondo Ganahl AG. Europapier thus increased its holding in the company to 100 per cent.
This acquisition strengthens the Europapier Group’s existing position in the Austrian market and is intended to support plans for further expansion in the direction of new markets and customer segments. Europapier is already the leading one-stop-shop for a diversity of products in the printing, packaging, office and advertising technology segments, especially with regard to the graphics industry. In particular, EU-RO covers the western Austrian market.
The agreement with Rondo Ganahl is still subject to approval by the anti-trust authorities. However, the complete share buyout by Europapier will not result in any changes with regard to the organization of EU-RO or the related responsibilities. In addition, the long-term successful cooperation with Rondo Ganahl will continue unaffected.
ABOUT THE EUROPAPIER GROUP
Europapier is an internationally operating company group. Strategically it aims to perform above industry standards and thus achieve long-term, sustainable profits. In terms of sales volume it is the most important paper merchant in CEE and a pioneer in the region’s markets. The Europapier Group employs around 1,000 people and has an annual sales volume of approximately 570,000 tonnes.
ABOUT THE HEINZEL GROUP
With its industrial locations Zellstoff Pöls AG (Austria), Laakirchen Papier AG (Austria), Raubling Papier GmbH (Germany) and AS Estonian Cell (Estonia), Heinzel Group, which is united under the Heinzel Holding umbrella, ranks among the largest producers of market pulp and magazine paper in Central and Eastern Europe. Since the beginning of 2016, containerboard has also belonged to the group’s range.
The group’s Trading Business Area includes Wilfried Heinzel AG, a globally active pulp, paper and board trading company, and Europapier International AG, the leading paper merchant in Central and Eastern Europe. In addition, Bunzl & Biach GmbH is the largest and most important waste paper company in Austria and the leading wholesaler in Central and Eastern Europe. The Heinzel Group’s successful growth is based on the fulfilment of the highest customer demands with regard to quality and efficiency.
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