Jun 20, 2007. /Lesprom Network/. The extraordinary general meetings of Camares AG and Model Holding AG held in Weinfelden on 5 June 2007 approved the merger of the two companies. Camares AG, which was concurrently renamed Model Holding AG, has assumed all assets and liabilities of Model Holding AG. Parent company Camares AG tendered a public bid prior to the squeeze-out merger. Calvin Grieder, CEO of the Uzwil-based Bühler Group, was newly elected to the board of directors of Model Holding AG to succeed Martin Model. The merger was preceded by a public bid tendered by Camares AG which led to the purchase of 125 bearer shares of Model Holding AG. Parent company Camares AG held 99.99% of the voting rights of Model Holding AG prior to the merger. Camares AG – held by Martin, Daniel and Elisabeth Model – and Model Holding AG have been merged to form a single company. There are thus no further partners besides the three family shareholders. The Model Group - under the parent organization Model Holding AG - encompasses 13 production plants throughout Europe and is the leading supplier of corrugated board and carton packaging. The consolidated turnover of the group for the year 2006 amounted to Euro 371 milllion. The Model Holding AG headquarters are situated in Weinfelden, Switzerland. Around 2800 employees are employed throughout the whole group.