Brigl & Bergmeister has signed a purchase agreement to acquire 100% shares of the paper mill Uetersen from Stora-Enso Group.
With a capacity of 240,000 tons per year, the paper mill, (formerly known as Feldmühle Papierfabrik), manufactures one side coated specialty papers such as labels and flexible packaging, as well as high quality two side coated graphical paper and board on two paper machines.
The acquisition results in creation of a leading global supplier of specialty papers with an extensive product portfolio.
In 2011, B&B with its paper mills in Niklasdorf, Austria, and Vevče, Slovenia, was purchased by the Roxcel paper trading group as its first move into the paper production. Meanwhile, the group has acquired the waste to energy company ENAGES in 2012, to ensure the secure and environmentally sustainable energy for the paper mill in Niklasdorf.
Further investments were completed in 2013 and are still on going in 2014 to improve quality and capacity in both mills. Today, the annual capacity of Niklasdorf is 78,000 tons, and that of Vevče is 120,000 tons of specialty papers.
The transaction has yet to be approved by the competent competition authorities.
