May 23, 2011. The Vienna-based multinational paper trading company Roxcel Group has signed an agreement to purchase the paper manufacturer Brigl & Bergmeister and Vevce from the Prinzhorn Group, taking over complete ownership.
Roxcel takes over Brigl & Bergmeister and Papirnica Vevče
May 23, 2011. /Lesprom Network/. The Vienna-based multinational paper trading company Roxcel Group has signed an agreement to purchase the paper manufacturer Brigl & Bergmeister and Vevce from the Prinzhorn Group, taking over complete ownership, as the company said in a press release received by Lesprom Network.
Brigl & Bergmeister runs two production facilities in Niklasdorf, Austria, and Vevče, Slovenia, which produce an aggregate of 165,000 tons of paper per year with 500 employees. Brigl & Bergmeister is the world market leader and specialist manufacturer for label paper with an export share of 95%.
With aggregate sales of Euro 729 million in 2010, the Roxcel Group is one of the world’s largest paper and paper board trading companies. With the acquisition of Brigl & Bergmeister, Roxcel is entering the field of paper manufacturing for the first time in its history. The production arm will operate separately from Roxcel’s trading division.
The transaction is subject to merger control approval from the Monopolies and Mergers Commission. All parties concerned have agreed to treat the purchase price as confidential.
