Paper Excellence B.V. (Netherlands) has sold Papierfabrik Scheufelen GmbH + Co. KG (Scheufelen), Germany, to a business consortium led by the Schaeff Group (Schwaebisch Hall, Germany) following a strategic decision to return focus to its pulp activities.

In addition to the Schaeff Group, the buyer consortium consists of RADIAL Capital Partners, a Munich-based investment company specialized in corporate spin-offs, as well as Ulrich Scheufelen, the honorary chairman and a member of the Scheufelen family.

"I am happy that the Scheufelen paper mill is part of a medium-sized group of companies again. I also would like to show my sincere appreciation to the Paper Excellence Group who has been a very supportive shareholder throughout its ownership of the mill," stated Ulrich Scheufelen, who has welcomed the change of ownership.