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Brigl & Bergmeister taken over by ROXCEL Group

20/05/2011

The Vienna-based multinational paper trading company Roxcel Group has signed an agreement on Thursday 19th May 2011 to purchase the paper manufacturer Brigl & Bergmeister and Vevce from the Prinzhorn Group, taking over complete ownership.

As a fellow long-term sales partner of B&B, Roxcel is well known to us and presents no concern for the future, either of the B&B mills or for Papico’s representation of them in the UK and Ireland.

With aggregate sales of EUR 729 Mio./USD 1 033 Mio in 2010, the ROXCEL Group is one of the world’s largest paper and paper board trading companies. Roxcel is based in Vienna and operates through a global network of sales offices in more than 100 countries. With the acquisition of Brigl & Bergmeister, Roxcel is entering the field of paper manufacturing for the first time in its history. The production arm will operate separately from Roxcel’s trading division.

With highly qualified, motivated employees and a strong Brigl & Bergmeister and Papirnica Vevče management team, Roxcel aims to further strengthen its pre-existing excellent business relationships in the print and packaging industry through innovative and ecologically sustainable products and to further improve the supply chain.

The transaction is subject to merger control approval from the Monopolies and Mergers Commission. All parties concerned have agreed to treat the purchase price as confidential.


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