mutares successfully closed the acquisition of Metsä Board Zanders

The Munich-based mutares Group (ISIN: DE000A0SMSH2) closed the acquisition of Metsä Board Zanders, following the approval of the antitrust authorities. While this acquisition forms an important milestone for the growth of the group, the transaction pipeline of mutares remains well filled.

The German producer of premium paper is operating again under its previous name Zanders which has a very well-known history in the paper industry. In 2014, the company employed approximately 480 employees generating sales of EUR 93 million. The mill was sold to mutares by the Finnish paper and board manufacturer Metsä Board.

The Gohrsmühle mill located at the company’s headquarters in Bergisch Gladbach has an annual production capacity of 325.000 tons of paper. Based on its high-quality fine papers and thanks to the globally well-known brand “Chromolux”, Zanders has established a strong position in the market for specialty papers. This is reflected by the wide range of different customers from the consumer and luxury goods industry.

The future strategy for Zanders is based on a sustainable strengthening of core competencies and the further expansion of its market position with the goal to access new international customer potential. In addition, the production and logistics processes will be further optimized.

Axel Geuer, CEO of mutares, comments: “With the successful acquisition of Zanders, mutares continues its ambitious growth path. This year we still expect three additional acquisitions.”