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- Europapier signs agreement to acquire the signage business unit of the Austrian paper merchant PaperNet GmbH
- The Heinzel Group continues to invest in its Austrian domestic market and in the diversification of its core business
- The acquisition’s main objective is to expand the paper wholesale business by a new business area with growth potential in Austria and Eastern Europe
Vienna, 19 June 2015 – On 18 June 2015, Europapier CE GmbH, a subsidiary of the Heinzel Group, signed an agreement to acquire the signage business unit of the Austrian signage and paper merchant PaperNet GmbH. Existing customers will continue to be supplied and supported by their familiar contact persons after
The acquisition expands the product portfolio of the Europapier Group and in addition it again improves the service quality for the Group’s customers. After the acquisition, they will be able to choose from an expanded product portfolio, which includes the areas of signage, digital, screen printing and machines for digital printing and finishing. With this step, Europapier strengthens its position as a one-stop shop for a wide range of products for printing, packaging, office and advertising solutions – particularly for the graphic arts industry.
The agreement with PaperNet is still subject to approval by antitrust authorities. In the meantime there will be no changes at Europapier or PaperNet, as both companies will continue to act independently of each other and business will continue as usual.
ABOUT THE EUROPAPIER GROUP
The Europapier Group is an internally operating company. Strategically it aims to perform above industry standards in producing long-term, sustainable profits. By sales volume it is the most important paper merchant in CEE and a pioneer in these markets. The Europapier Group employs about 870 people and has an annual sales volume of around 570,000 tons.
THE HEINZEL GROUP
The Heinzel Group, which is united under the Heinzel Holding umbrella, ranks with its industrial locations Zellstoff Pöls AG, Laakirchen Papier AG (both Austria) and AS Estonian Cell (Estonia) among the largest producers of market pulp and magazine paper in Central and Eastern Europe. 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 fulfillment of the highest customer demands with regard to quality and efficiency.