NORTHEIM, Germany, Jan. 7, 2014 (Press Release) - Thimm Verpackung GmbH + Co. KG based in Northeim (Lower Saxony) has taken over the Lohhof (Bavaria) corrugated cardboard plant from Reka Wellpappenwerke GmbH where 114 people are currently employed. Operations will be transferred on 1 February 2014. Business operations will then be continued under the name of Thimm Verpackung Süd GmbH + Co. KG. It has been agreed that the purchase price will not be disclosed. The Reka plant in Kitzingen is not included in the takeover and remains in the ownership of the Schröder family.
According to Gudrun Schröder, managing director of Reka Wellpappenwerke, "The upgrading that is now required to the Lohhof site represents a big financial challenge for a medium-sized company like us. Through our decision to place this site in the hands of a big, internationally-operating family business in our sector, we have both secured jobs in the region over the long term and also guaranteed the reliable service provision to our existing customer base. It also enables us to focus fully on the development of our Kitzingen site through further investments to expand our good, regional position."
According to Mathias Schliep, CEO Thimm Group, "Geographically the Lohhof plant is the perfect complement to our production network. We already supply many customers in Bavaria from our existing corrugated cardboard plants in Germany and the Czech Republic. In addition, customer proximity is becoming increasingly important both due to sustainability reasons and ever rising logistics costs."
Thimm's objective is to further expand its own market presence in southern Germany and to fully develop the Bavarian market, with its next step being its planned construction of a nextgeneration corrugated cardboard plant which will replace the Lohhof plant in the medium term. Schliep continued: "Negotiations on the purchase of a site north of Munich are at an advanced stage. We are already working on the plant layout. We want to start construction within the next two years with a production start date scheduled for 2016."
The new factory will consolidate the company's production for southern Germany and the adjacent export markets. "Now that over the last few years we have continuously modernized and expanded our corrugated cardboard plants in Germany, Czech Republic, Poland and Romania, the new factory in Bavaria is a further strategic component of the further sustainable development of our national and international business" explained Schliep.
Thimm Verpackung is the biggest business division of the Northeim-based Thimm Group. Founded in 1949, Thimm is a family-owned business and one of the leading system suppliers of corrugated cardboard transportation and sales packaging, high-quality sales displays, multi-material packaging and packaging-related services in the European market. Around 2,350 employees at 16 sites in Germany, Czech Republic, Romania, Poland and Austria generated annual revenues of EUR 450 million.