1257770870.jpg
Symbol image © M-real Hallein

Schweighofer to sell subsidiary

Article by Kathrin Lanz, translated by Susanne Höfler | 14.09.2017 - 07:52

The Schweighofer group is selling its Hallein subsidiary, Schweighofer Fiber. The closing of the transaction took place on September 12th. It was agreed to keep the purchase price confidential. Schweighofer had purchased the pulp mill in 2011, investing an amount of € 60 million in the site. Today it ranges amongst the "most profitable top 250 enterprises in Austria", as is stated in the press release.

The buyer is Tower-Brook Capital Partners, a company that invests in medium-size businesses with products fit for the future. Jörg Habring, chairman and manager of the Hallein site since 2004, will keep his position to further advance the future development of the business.