KAPAG Karton + Papier AG, a Swiss producer of multiply paper and paperboard, and Oppboga Bruk, the Swedish supplier of multiply paperboard for sign and display, have confirmed that they joined forces on 17th July.
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,” adds Andrew Robinson, Managing Director of Oppboga and now minority shareholder in the company.
The current owner of Oppboga, Lennart Larsson, has sold the majority of his shares in the context of succession planning. All current employees will be retained within both organisations.
