VEP acquires majority stake in Cordier Papier

Dutch industrial investment group Value Enhancement Partners BV (VEP) has acquired a majority stake in Cordier Papier Holding GmbH and Cordier Spezialpapier GmbH, based in in the southwest of Germany.

According to Euwik, Cordier sees potential in specialty pulp and paper for industrial applications. Especially for this no changes have been announced for Cordier’s workforce.

Cordier currently employs 235 employees at three mills in Germany. The company is producing woodfree uncoated paper mainly for the European book market as well as technical specialty paper for global niche markets.