Aug 11, 2010. /Lesprom Network/. Paprec Recycling has acquired Swiss recycling company Lottner AG. This is the first foreign acquisition for Paprec Recycling. The purchase price has not been disclosed, the company said in a statement received by Lesprom Network. Paprec says it plans to continue Lottner’s existing business with customers in Switzerland while growing the company’s confidential shredding business. “This agreement helps to perpetuate the Lottner group,” says Peter Lottner of the Lottner Group. "Joining one of Europe's leading recycling companies allows the group to grow at an accelerated pace in Europe.” Lottner is a Swiss family business founded in 1896, and currently number two in the paper recycling in Switzerland. In 2010, Lottner realized a net turnover of Euro 25 million for over 150,000 processed tons. The company employs a hundred employees.