mutares AG Acquires Paper Manufacturer Zanders GmbH; Will Retain Product Line
BERGISCH GLADBACH, Germany—August 5, 2015—mutares AG took over Metsä Board Zanders GmbH on May 20, 2015. The acquisition contract was signed after approval was granted by the German Federal Cartel Office. The company will be trading under the name of Zanders GmbH.
Lennart Schley and John Tucker are the new managing directors, effective immediately. The new management intends to achieve sustainable growth with the company’s entire product portfolio, which includes Chromolux, Zanlabel Gloss, Zanlabel Touch, Zanflex, RX Nature, Zanpack and Silver Digital. All of these products will be continued, and supplemented with new ones.
"We want to take advantage of our longstanding employees’ know-how to consolidate our core business and sharpen our profile. We believe that continuity in partnerships with customers and suppliers are equally important as building our market presence," said Schley.
About mutares AG
mutares AG, Munich acquires companies that are being sold by their owners in the course of a repositioning process and which have obvious operational improvement potential. Getting engaged with its own teams, mutares actively supports its portfolio companies to achieve a clear value increase. The focus of the business strategy is to ensure sustainable, long-term growth. The shares of mutares AG are traded in the Open Market of the Frankfurt Stock Exchange (Entry Standard) under the code MUX (ISIN: DE000A0SMSH2).