Duropack Group: Duropack Group sells operations in Germany and the Czech Republic to Mondi Group
(firmenpresse) - (DGAP-Media / 14.09.2012 / 09:50)
Duropack Group sells operations in Germany and the Czech Republic to Mondi
Group
- Contract of sale of Duropack Wellpappe Ansbach and Duropack Bupak to
Mondi Group signed
- All employees of both operations will be taken on by Mondi Group
- Sale strengthens the focus of Duropack group on East- and
Southeast-Europe and on its core business, packaging
- 'Our strategy is consequently focused on East- and Southeast-Europe.
The sale of our operations in Germany and the Czech Republic further
strengthens our profile and allows us to focus entirely on our core
markets and core business, packaging', says Peter Szivacsek, CEO of
Duropack Group.
Vienna 14. September 2012 - Duropack Group with its headquarters in Vienna,
the leading producer of corrugated board packaging in East- and
Southeast-Europe, has signed a contract today to sell its operations
Duropack Wellpappe in Ansbach (Germany) and Duropack Bupak in Ceske
Budejovice (Czech Republic) to Mondi Group. Both operations produce
corrugated board packaging. In addition, operations in Czech Republic also
produce corrugated base paper made from recycled paper. The Czech facility
is closely related to the Bavarian one, regarding production unit and
integration. All employees of both operations will be taken on by Mondi
Group.
'Our strategy is consequently focused on East- and Southeast-Europe. The
sale of our operations in Germany and the Czech Republic further
strengthens our profile and allows us to focus entirely on our core markets
and core business, packaging', says Peter Szivacsek, CEO of Duropack Group.
In 2010, Durpack already strengthened its geographic focus with the
acquisition of the majority of the shares in Croatian corrugated base paper
and packaging producer Beli?ce.
The final closing of the deal is subject to approval by the relevant
authorities and the customary closing conditions.
Press contact:
Claudia Schenz
Claudia.Schenz(at)duropack.eu
T +43 1 86 300 280
M +43 664 4101977
End of Media Release
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Issuer: Duropack Group
Key word(s): Enterprise
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