Schaeff Group acquires Papierfabrik Scheufelen

Germany investment firm Schaeff Group has bought Papierfabrik Scheufelen and wants to push forward the expansion of Scheufelen's premium board business, according to Euwid.

Paper Excellence has sold its entire stake in German paper maker Papierfabrik Scheufelen to a consortium led by Germany's Schaeff Group. The mill manufactures coated fine paper and packaging board.

Schaeff Group says it will continue the expansion of Scheufelen's premium packaging board business.