Prinzhorn Holding closes on its acquisition of Papierfabrik Fritz Peters and its 205,000 tonnes/year recycled containerboard mill in Gelsenkirchen, Germany, effective as of Jan. 1, 2014; mill will be integrated with Prinzhorn's Hamburger Rieger subsidiary
June 2, 2014
(Austria Presse Agentur)
– The takeover of the Gelsenkirchen-based paper factory Fritz Peters by Prinzhorn Holding from Wiener Neudorf has been finalized. The closing took place today - Prinzhorn announced.
Fritz Peters factory is a local market leader in the heart of the Ruhr area and produces about 205,000 tons of corrugated base paper and paperboards. The plant with its 140 employees will be integrated with Hamburger Rieger, german subsidiary of Prinzhorn Holding. The takeover will be effectove retroactively as of January 1, 2014. Purchase price is confidential.
(c) 2014 APA - Austria Presse Agentur
Industry Intelligence Inc. editor's note: On March 3, Euwid reported that Austria-based Prinzhorn Holding GMBH planned to acquire Papierfabrik Fritz Peters GMBH and its corrugated containerboard mill in Gelsenkirchen, Germany, according to Industry Intelligence's archives.