MUHEN, 23.07.2019 – KAPAG Karton + Papier AG (KAPAG), a leading producer of multiply paper and paperboard, and Oppboga Bruk, principal supplier of multiply paperboard for sign and display, today announced that they joined forces on 17 July.
Mr. Alexander Meyer, the managing owner of KAPAG who acquired the majority stake in Oppboga Bruk, is delighted about the takeover. “As key players in this niche industry we will be able to better respond to the rapidly changing market environment”, he says.
“Thanks to our cooperation we will make use of synergies across markets and products, strengthen R&D and share resources”, agrees Andrew Robinson, Managing Director of Oppboga and now minority shareholder in the company.
The current owner of Oppboga, Mr. Lennart Larsson, has sold the majority of his shares in the context of succession planning. “It has always been very important to me to safeguard the long-term position of the business.” All current employees will be retained within both organisations.