Clearwater International advises WEIG on its acquisition of Buchmann
Clearwater International has advised Moritz J. Weig GmbH & Co. KG (WEIG), a leading German producer of cartonboard and carton packaging solutions, on the acquisition of Kartonfabrik Buchmann GmbH (Buchmann), a German manufacturer of cartonboard. This acquisition makes WEIG the third largest player in the European white-lined chipboard market. The transaction is still subject to merger control approval.
WEIG is a family-owned group of companies, comprising the three business units packaging, cartonboard, and recycling. Within its cartonboard division, WEIG Group produces recycled cartonboard for the European folding carton industry as well as the global plasterboard industry. WEIG Group is headquartered in Mayen, Germany. With 1,500 employees and sales of over €800m, WEIG Group comprises companies in Germany and South America.
Buchmann is a family-owned business, producing recycled cartonboard for the European folding carton industry at its Annweiler site. The company’s products are used by the cartonboard packaging industry in the food and non-food sector. With 330 employees, Buchmann generates sales of around €190m.
The acquisition of Buchmann will contribute to WEIG’s strategic growth ambitions, increasing its presence in the paper industry. Together, both companies are significantly strengthening their market position, as well as optimising their product portfolio and sales volume, by combining their profound technological expertise.
„We are delighted to sign this transaction, which is an important milestone for both WEIG and Buchmann. Buchmann has developed a solid business model, offering innovative, high-quality products to its clients. We are convinced of Buchmann’s added value for WEIG Group, allowing us to gain further capacity for market expansion. We would like to thank Clearwater International’s German team, who provided excellent advice throughout the process.“ – Moritz Weig & Xaver Weig, Managing Shareholders, Moritz J. Weig GmbH & Co. KG
„We are pleased to have advised WEIG on the investment in Buchmann. We believe that WEIG’s capabilities and excellent positioning, combined with Buchmanns’ opportunities, will provide a strong foundation to pursue future growth.“ – Dierk E. Rottmann, Managing Partner, Clearwater International