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BAVARIA Industriekapital AG acquires Norwegian paper manufacturer Hunsfos

(PresseBox) (München, ) The stock-listed company BAVARIA Industriekapital AG has signed a contract for the acquisition of the Norwegian paper manufacturer Hunsfos Fabrikker AS from Cham Paper Group. The plant Hunsfos in South Norway generates annual revenues of Euro 50 million with 120 employees and manufactures uncoated specialty grade papers.

"Hunsfos Fabrikker is among the leading market players in Europe in the segment of industrial packaging material. The implementation of BAVARIA's Operating System will optimize the plant. In addition, the international expansion will be promoted. The completion of the acquisition transaction is expected in December 2008, which will provide planning reliability to the customers", comments Hans Magnus Andresen, Managing Director of BAVARIA Industriekapital AG.

About BAVARIA Industries Group AG

BAVARIA Industriekapital AG is an industrial holding company which acquires low-profit companies throughout Europe. Through active restructuring and revitalisation management it ensures the long-term success of the companies acquired. The extensive experience and know-how of its staff allow BAVARIA Industriekapital AG to restore even companies in difficult sectors to profitability. The majority of the stock of BAVARIA Industriekapital AG is family-owned and the company has been listed on the Entry Standard All Share Index of the German Stock Exchange since 2006. At present BAVARIA Industriekapital AG has holdings in nine companies and around 3,000 employees. In 2007 the group turnover amounted to Euro 410 million. The annual profit of BAVARIA Industriekapital was Euro 23 million. For additional information about BAVARIA Industriekapital, please visit our website at www.baikap.de

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