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- Date:
5/3/2016
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Papierfabrik Scheufelen operates a paper mill in Lenningen, Germany that produces coated woodfree paper and board.
May 2, 2016 - Papierfabrik Scheufelen GmbH (Scheufelen) announced that its parent company, Paper Excellence B.V., has sold the business to a consortium of buyers led by the Schaeff Group located in Schwaebisch Hall, Germany, following a strategic decision to return focus to its pulp activities.
Terms of the deal were not disclosed.
Paper Excellence purchased Scheufelen In May of 2011 from Powerflute for a total consideration of EUR 38.5 million.
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.
Scheufelen operates a paper mill in Lenningen, Germany that produces coated woodfree paper and board.