AURELIUS completes the acquisition of Northern European activities of the Abelan Group
Supplier of packaging solutions for the European food sector with well diversified product offering
Munich / London – July 1, 2016 – The AURELIUS Group (ISIN DE000A0JK2A8), has completed the acquisition of the commercial activities of the Abelan Group in Germany and the Netherlands. The transaction was closed on June 30, 2016. In 2015, the acquired activities generated revenues of approximately EUR 50 million and had around 170 employees.
The acquired activities consist of a paper mill in Viersen, Germany, and a solid board packaging plant in Zutphen in the Netherlands. At its German facility the company produces mainly Solidboard as well as Coreboard for tubing and mandrels, edge protectors for the end markets hygiene, tissue and other industrial sectors. Abelan’s packaging division is a significant supplier to the European food sector. All of the company’s products are made from recovered paper.