Austria's Brigl & Bergmeister acquires Energie- und Abfallverwertungs (ENAGES) thermal energy recovery plant from Energie Steiermark; plant located on B&B site in Niklasdorf, Austria

Kendall Sinclair

NIKLASDORF, Austria , March 23, 2012 (press release) – The purchase contract was signed between Energie Steiermark AG and Brigl & Bergmeister GmbH (B&B) on 23 March.

The plant belonging to Energie- und Abfallverwertungs Ges.m.b.H. (ENAGES) was constructed on the B&B site in 2002. As ENAGES’ energy purchaser, it was natural for B&B to secure its long-term energy supply by this acquisition.

B&B gains the asset of an assured energy supply, and benefits from a sustainable improvement in its environmental performance. The minimal "carbon footprint" compared to the gas turbines normally used will in future become an even more important sales argument for paper.

As the only thermal energy recovery plant in Styria, ENAGES will remain a reliable waste disposal partner for companies and local authorities, and continue to make a valuable ecological contribution to the province.

After the takeover by ROXCEL Handelsges.m.b.H. only last year, this step means a further strengthening of the B&B location in Niklasdorf with 250 employees. B&B is a global market leader for label paper and paper for flexible packaging, with its factories in Niklasdorf and Vevce in Slovenia.

For Energie Steiermark, the sale of ENAGES underlines its systematic drive to focus on its core business in the field of energy. The acquisition of ENAGES by the highest bidder B&B as its main direct energy customer is considered the best option for securing the medium-term future of ENAGES from the regional policy point of view.

The seller and buyer have agreed to treat the purchase price as confidential. The transaction still requires merger control authority approval.

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