Vienna, Austria, 27 May 2011 -- Multinational paper trading company Roxcel Group recently signed an agreement to purchase the paper manufacturer Brigl & Bergmeister and Vevce from the Prinzhorn Group, taking over complete ownership.
Brigl & Bergmeister runs two production facilities in Niklasdorf, Austria, and Vevče, Slovenia, which produce an aggregate of 165,000 tons of paper per year with 500 employees. Brigl & Bergmeister is the world market leader and specialist manufacturer for label paper, with an export share of 95%.
With aggregate sales of EUR 729 million (USD 1.033 million) 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.