Heinzel Gets Approval to Acquire Europapier
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Heinzel Group of Austria is cleared to acquire Europapier AG, after The European Commission, Brussels, Belgium, decided that the sale would not hamper competition in the European Economic Area. The commission did not have any concerns about competition or find any sizeable overlaps in the companies' activities.
Europapier owner Mondi Group signed an agreement earlier this summer to sell the company to the Heinzel Group. With Europapier, Heinzel becomes a leading trading and merchant company with a total sales volume of around 1.2 million metric tons. The merger will allow Europapier to gain access to an even broader range of products, making it a more attractive one-stop-shop partner.
Heinzel Group's strategy is to expand its key role in pulp, paperboard, and paper trading in Western Europe, emerging Eastern European markets, North Africa, Middle Eas, and Asia. The acquisition will enhance the Group's geographical coverage and strengthen its existing position in a number of countries.
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