September 11, 2023
(press release)
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Hamburger Recycling has signed a contract covering the takeover of the Italian recycling company Eurocart, together with its affiliated company Berica Recuperi. The recovered paper specialist located in Vicenza operates with three logistic centers, 130 employees and has the capacity to collect and process 239.000 tons of paper for recycling and other secondary raw materials annually. Eurocart will continue operations under its current name. The transaction is subject to merger clearance and approval by the relevant authorities. The latest acquisition will raise Hamburger Recycling’s recovered paper capacity to 2.1 million tons a year, with 39 locations in 13 countries. “With the acquisition of Eurocart, we have the ideal partner for our growth and sustainability strategy. Eurocart not only contributes additional volume to the group but also expands our external business relationships, further enhancing our position as a reliable partner and supplier on the international market of the paper industry and the production of substitute fuels.” said Mr. Andreas Walser, Managing Director of Hamburger Recycling. Mr. Lionello Olivieri, the shareholder of Eurocart stated: “Hamburger Recycling is the ideal partner to implement our ideas and meet the challenges of waste management. Investments for growth, integration and the development of our international business relations will secure jobs and strengthen our position on the Italian market.” The Prinzhorn Group With 10,000 employees in 16 countries, the Prinzhorn Group is a European market leader in the packaging, paper and recycling industries. With an annual turnover of 2.9 billion euros (2022), the group is one of the top 5 in Europe. The Prinzhorn Group, which is owned by the Prinzhorn Private Foundation, is headquartered in Vienna, Austria, and is divided into three business units: Dunapack Packaging (corrugated packaging solutions), Hamburger Containerboard (production of corrugated base paper) and Hamburger Recycling (collection and trading of secondary raw materials). www.prinzhorngroup.com For further information, please contact our communication team: marketing(at)prinzhorngroup.com
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