Heinzel Holding sells its remaining 25% participation in Lenzing Biocel Paskov to Lenzing AG
Proceeds to be reinvested in Austria in projects for the future
As planned, Heinzel Holding GmbH sold its remaining 25% participation in the Lenzing Biocel Paskov a.s. pulp mill, which is located in the Czech Republic, to the listed, Upper Austrian fiber producer, Lenzing. The mill had been part of the Heinzel Group since 2001, but in 2010 Lenzing purchased a 75% controlling interest and since then has initiated extensive investments in capacity enlargement. Anti-trust approval for the takeover had already been granted.
Alfred Hannes Heinzel, the Heinzel Holding GmbH CEO, commented on the contract signing as follows: “The sale of the Biocel Paskov pulp mill represented an important strategic decision for the Heinzel Group and we are reinvesting the sales proceeds in the expansion of our portfolio in Austria. For example, in 2010 we acquired Europapier AG and thus markedly consolidated our key position in global pulp, card and paper merchandizing. In addition, with our pulp mills in Pöls and Estonia we also occupy a strong position in the production field.”
The Heinzel Group
The Heinzel Group, which is united under the Heinzel Holding umbrella, ranks with its subsidiaries Zellstoff Pöls AG (Austria) and AS Estonian Cell (Estonia) among the largest producers of market pulp in central and eastern Europe. The Group’s trading division includes Wilfried Heinzel AG, a globally active pulp and paper trading company, and Europapier AG, the leading paper merchant in the CEE region. The Group’s successful growth is based on the fulfilment of the highest customer demands with regard to quality and efficiency.
Heinzel Holding GmbH
Wagramer Strasse 28–30
Phone +43-1-260 11-401
Fax +43-1-260 11-402