Stora Enso Oyj and Pyroll Converting Oy have agreed through a corporate acquisition agreement on 22 November 2017 that Stora Enso will sell to Pyroll a paper mill specialising in cardboard sheeting in Baienfurt, Southern Germany. The turnover of this plant will be around 15 million euros this year,and it employs 60 people directly. The transition period of the ownership is expected to be completed during the first quarter of 2018.
With its high production capacity and good location, the Baienfurt mill will significantly complement Pyroll Converting’s service network. By expanding its service network with the Baienfurt factory, Pyroll and its partners will provide a more comprehensive and diverse service offering close to the main markets.
Pyroll’s converting branch has grown significantly over recent years in line with the company’s growth strategy. This corporate acquisition agreement is already the second significant Pyroll investment in Europe since 2015, when Pyroll expanded its operations into the Netherlands. Over the last years, Pyroll has also made significant investments in its home country of Finland, including in the Pyhtää Siltakylä mill.
– We are delighted to obtain the Baienfurt plant, in addition to our four existing factories, in order to supplement our service network. The availability of services plays an important role when the response times of the entire chain are further reduced. That is why we believe that the service provision in numerous places is a key factor – now and in the future, says Reino Uusitalo, founder/owner and Chairman of the Board for Pyroll Group.
– We believe that our customers will be provided with great benefits when the service field expands with this investment. The previous investment in Winschoten, the Netherlands, has shown that the demand for cardboard sheeting services in the main market areas has grown, and this is why we were ready to make this significant investment, Reino Uusitalo concludes.
Ilkka Haitti, Business Manager, Pyroll Converting Oy
Mobile +358 400 639 445, firstname.lastname@example.org