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press release

 

delfortgroup AG acquires Mundet

 

(Austria, January 13th, 2016) delfortgroup AG has agreed to acquire all of the outstanding shares of the MUNDET group. Mundet has manufacturing sites in Virginia and Tennessee in the United States and Toluca, Mexico. The acquisition is subject to regulatory approval and is expected to close in the first quarter of 2016.

 

With the acquisition of Mundet delfortgroup enhances its presence in the US market and will be able to offer its customers an improved supply chain and opportunities for business solutions. delfortgroup will complement its existing product portfolio in the areas of flexible packaging and the cigarette industry. delfortgroup is a committed partner to the worldwide cigarette industry, with this acquisition it will be able to enhance its service and innovation capability to the US domestic tobacco industry.

 

delfortgroup has positioned itself as a leading innovator and manufacturer of resource saving and environmentally friendly paper products and solutions. The addition of these three manufacturing locations in the US and Mexican markets expands opportunities for supplying this portfolio to its customer base.

 

With this acquisition the three Mundet locations will now be able to offer the latest delfortgroup technologies in a cost efficient and environmentally friendly manner as part of a global distribution network. delfortgroup will invest in each of the Mundet locations to enlarge capacity, R&D and new technologies to offer customers a more comprehensive product range, service and industry standard quality systems.

 

With 2,000 employees in six plants in Austria, Hungary, Czech Republic, Finland and Vietnam delfortgroup develops, manufactures and distributes high-performance specialty papers for the tobacco, pharmaceutical and food industries. The group, headquartered in Austria, also manufactures packaging paper for fast food, thin papers for leaflets, bible and catalog printing and publications, label base paper, graphic papers and papers for electrical applications. delfortgroup will achieve a consolidated turnover of EUR 700 million in 2015. The family owned group ranks among the market leaders in various areas of the specialty paper market.

 

By acquiring the Mundet group, sales will be increased by $ 80 million and the number of employees by 290 employees. Both parties have agreed to maintain secrecy for further details of the contract.

 

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delfortgroup has acquired Glatz Finepaper Vietnam Co., Ltd. Vietnam,
one of the leading cigarette paper producers in Southeast Asia
from Glatz Feinpapiere, Germany.
 

 

(Austria, December 16th, 2014) delfortgroup is an Austrian based specialty paper producer, with paper mills in Austria, Hungary, Czech Republic and Finland. delfortgroup is an industry leader in papers for Cigarette Industry, for Sustainable Thin Packaging Solutions, for Pharma Industry and for Label Industry. In 2014 the company will achieve revenues of around USD 870 million and does employ 1700 experts worldwide. Vietnam will be the 6th paper mill of delfortgroup and first in the Southeast Asia region.

 

Glatz Feinpapiere is a German manufacturer of papers for the cigarette industry with sales revenues of about EUR 100 mio, who decided to reshape its strategy to focus on products developed and produced only in Germany (Tipping Base Papers and LIP-papers). Consequently, Glatz will strengthen its European paper mills and LIP operations.

 

The company will be renamed into Wattens Vietnam as its integration into delfortgroup will be managed by Wattenspapier, a global leader in highly engineered paper solutions for demanding cigarette industry.

 

The paper mill at Wattens Vietnam was founded and constructed by Glatz in 2009, is located close to Ho Chi Minh City and employs 200 people. It operates a dedicated state of the art cigarette paper machine with an annual capacity of more than 13.000 tons premium cigarette and plugwrap papers.

 

This is an exciting opportunity that will contribute to strengthening delfortgroup’s position as the global leader in the specialty papers and will help delfortgroup to reinforce its manufacturing foothold in the Asia-Pacific region.

 

We believe this transaction will accelerate our ability to seize on industry growth opportunities and deliver continued product innovation and consistent, highest quality customer service. With our new mill in Vietnam, delfortgroup will be even better positioned to navigate the evolving specialty papers industry, ensuring continued growth and the overall long-term success of our company.

 

 

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