Clearwater International advises WEIG on raising finance to support the acquisition of Buchmann
Clearwater International has advised Moritz J. Weig GmbH & Co. KG (WEIG), a leading German producer of cartonboard and carton packaging solutions, on the structuring and arrangement of syndicated loan facilities through a consortium of banks. The proceeds will be partly used for the acquisition of Kartonfabrik Buchmann GmbH (Buchmann), a German manufacturer of cartonboard and folded boxboard. This acquisition makes WEIG the third largest player in the European white-lined chipboard market.
WEIG is a family-owned group of companies, comprising the three business units packaging, cartonboard, and recycling. Within its cartonboard division, WEIG Group produces recycled cartonboard for the European folding carton industry as well as the global plasterboard industry. WEIG Group is headquartered in Mayen, Germany. With 1,500 employees and sales of over €800m, WEIG Group comprises companies in Germany and South America.
Buchmann is a family-owned business, producing recycled cartonboard for the European folding carton industry at its Annweiler site. The company’s products are used by the cartonboard packaging industry in the food and non-food sector. With 330 employees, Buchmann generates sales of around €190m.
Adviser to WEIG on raising finance to support the acquisition of BuchmannView more