Germany-based company engaged in the production and sale of corrugated board formats and packaging. Model Holding AG, the Switzerland-based company that manufactures and supplies corrugated board, cardboard, litho-laminated, offset printed corrugated board packaging products and offers related services, has agreed to acquire P-WELL GmbH, the Germany-based company specialized in the production and sale of corrugated board formats and packaging, from Pelster family, the Germany-based family, for an undisclosed consideration.
The acquisition will be an ideal geographic addition for Model, to its existing corrugated board plants in Poland, Czech Republic, Croatia and Switzerland. Model will now be better placed to supply its products to major customers throughout Germany and the Benelux countries. P-WELL will bring new and interesting additions to Model’s product portfolio. P-WELL has a workforce of 880 employees and reported turnover of approximately EUR 200m for 2015. The transaction is subject to the approval of the German independent competition authority (Bundeskartellamt).
Source Links:
Model Holding AG press release, 07 January 2016
Model Holding AG press release, 07 January 2016 (German)
Model Holding AG press release, 07 January 2016 (French)
Model Holding AG press release, 07 January 2016 (Polish)
Model Holding AG press release, 07 January 2016 (Russian)
P-WELL GmbH press release, 08 January 2016 (German)
DZ BANK AG
Advised in the sale of
P-WELL GmbH
to