Jun 09, 2014. /Lesprom Network/. Palm Paper Group acquired the operations of Seyfert, a corrugated board producer based in Germany. Terms of the deal were not disclosed, as the company said in the press release received by Lesprom Network.

This will allow the Seyfert sites to develop further under the Seyfert name. The Seyfert Group has 3 corrugated plants in Germany. In France, it has 3 corrugated plants and 2 sheet feeding plants, as well as 1 paper mill for recycled corrugated case material. In 2013, the company had a turnover of Euro 280 million and employed 1,200 people.

The merger between Seyfert and Palm strengthens Palm's market position in Germany and enhances its presence on the French packaging market.

The Palm Group consists of 4 paper mills, with 7 paper machines and produces newsprint and corrugated case material. It runs 17 convertor plants for corrugated base material. In 2013, Palm´s turnover was Euro 1.15 billion and it employed 3,000 people.