“We expect to see numerous synergies stemming from the integration of the plant in Gelsenkirchen with the group’s other German production locations,” Cord Prinzhorn, the CEO and owner’s representative for Prinzhorn Holding, explained. At this time, the Prinzhorn Group together with its affiliate company Hamburger Rieger Containerboard operates production sites in Spremberg in Brandenburg and in Trostberg in Bavaria.  In addition, Hamburger Containerboard also produces containerboard and plasterboard liner in Austria and Hungary.

“Our plans for Gelsenkirchen include extensive measures to increase efficiency and capacity. The new location in the heart of Germany will enable us to meaningfully optimize transport routes to our clients. The takeover is a result of our long-term expansion strategy for the future as well as our integrated production strategy, from recycling the raw material paper to producing high-quality packaging“, said Prinzhorn.

The approval of trade authorities is necessary for the conclusion of the purchase.