Schumacher Packaging buys major stake in Kartonfabrik Kaierde
The acquisition of Kaierde is a part of Schumacher Packaging EUR 700 million investment program through 2025. The investment is planned for the development of the company’s plants as well as futuristic technologies.
Germany-based Schumacher Packaging Group has bought a majority stake in Kartonfabrik Kaierde, a board producer with a manufacturing facility in Delligsen, Germany.
Presently, the board production plant has a capacity of 25,000 TPA of greyboard and unbleached board. The acquisition will increase the company’s solid board production capacity by 50 percent from 50,000 TPA to 75,000 TPA, which the company views as an important step to ensure raw material supply.
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The acquisition of Kaierde is a part of Schumacher’s EUR 700 million investment program through 2025. The investment is planned for the development of Schumacher’s plants as well as in futuristic technologies.
Explaining the aim behind the acquisition, Hendrik Schumacher, CEO, Schumacher Packaging Group, says, “The Kaierde board mill offers us an outstanding opportunity to expand our work in the solid board sector. When demand increases or resource shortages lead to production bottlenecks, this takeover will enable us to provide our customers with reliable future prospects, guaranteeing supply reliability in the future.”
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Post-acquisition, the Schumacher Packaging Group will have a presence in 18 sites across Europe including its existing board mill in Schwarzenberg, as well as a solid board processing facility in Hauenstein, in the Palatine region.