Operations will be transferred on 1 February 2014. Business operations will then be continued under the name of Thimm Verpackung Süd GmbH + Co KG. It has been agreed that the purchase price will not be disclosed.
The Reka plant in Kitzingen is not included in the takeover and remains in the ownership of the Schröder family.
According to Gudrun Schröder, MD of Reka Wellpappenwerke: “The upgrading that is now required to the Lohhof site represents a big financial challenge for a medium-sized company like us. Through our decision to place this site in the hands of a big, internationally operating family business in our sector, we have secured jobs in the region over the long-term and guaranteed the reliable service provision to our existing customer base. It also enables us to focus fully on the development of our Kitzingen site through further investments to expand our good, regional position.”
Thimm’s objective is to further expand its own market presence in southern Germany and to fully develop the Bavarian market, with its next step being its planned construction of a next-generation corrugated cardboard plant that will replace the Lohhof plant in the medium-term.
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