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Model Group acquires P-Well

Photo: Model Group
Photo: Model Group
Published by
Simon Matthis - 11 Jan 2016

Model Holding AG has acquired 100% of the P-WELL Group, which specializes in the production and sale of corrugated board formats and packaging,

For the Model Group, the acquisition of P-WELL GmbH is an ideal geographic addition to its existing corrugated board plants in Poland, Czech Republic, Croatia and Switzerland. With its plants in Weinfelden (Switzerland), Nymburk (Czech Republic) and the recently announced new plant in Nowa Sól (Poland), Model already has three plants close to the German border. This takeover now makes it possible to comprehensively supply existing major customers throughout Germany and the Benelux countries.

In addition, through its own in-house preprint method P-WELL gives Model access to new printing processes, including specialities such as heavy-duty and fanfold corrugated board, thus offering interesting additions to the product portfolio. P-WELL’s fleet of about 150 trucks also provide a vital component of high quality service.

The takeover will be finalised as soon as approval is given by the German independent competition authority (Bundeskartellamt).