Press release BoxID: 453967 (TRICOR Packaging & Logistics AG)
  • TRICOR Packaging & Logistics AG
  • Jakob-Müller-Str. 1
  • 86825 Bad Wörishofen
  • Contact person
  • Montserrat Rodà Pomés
  • +49 (8266) 8604887

Capital increase as part of the further strategic development of TRICOR Packaging & Logistics AG

(PresseBox) (Eppishausen, ) The provider of corrugated board packaging and logistics solutions, Tricor Packaging & Logistics AG, was able to attain a new minority shareholder as part of its further strategic development. The motivation for the capital increase was an additional strengthening of the capital base in order to maintain the high paced strategic development and internationalisation of the group. The management board sees this speed and flexibility as the key for maintaining the dynamic improvement in productivity and customer service.

The new minority shareholder, a family office with an excellent international network, has acquired a shareholding in the company through a capital increase. The family office has a portfolio of investments in well-known international companies and is regarded by the shareholders of Tricor as the ideal partner for the long-term development of the company. In addition to the benefits from the broad international network, the additional equity will be used for financing of the new production plant for packaging solutions and corrugated cardboard at Bad Woerishofen.

The start of construction of the new corporate headquarters in Bad Woerishofen is planned for late 2011. Tricor will invest around EUR 80 million in order to set up 66,500 sqm of built area a on a total area of 127,000 sqm. After the expected completion in early 2013, the annual production will reach approx. 120,000 tons of packaging materials from corrugated board. Through this expansion project, Tricor will create approximately 120 new jobs in the fields of manufacturing and logistics. The result will be one of the largest and most efficient corrugated board processing plants in Europe.

IKB Deutsche Industriebank AG acted as sole financial advisor to Tricor in this transaction.

TRICOR Packaging & Logistics AG

The Tricor Packaging & Logistics AG is a manufacturer of large corrugated cardboard packaging solutions with a total of six facilities in Germany. It also serves its customers as a packaging systems supplier (full range) with more than 25 customer service centers. The products are mainly supplied to export-oriented industries such as the automotive and chemical industries as well as mechanical engineering. Through its own logistics service business Transcor, the group covers all essential parts of its customers' supply chain and has positioned itself as an integrated packaging service provider. With its approx. 480 employees, including 300 packaging and about 180 in logistics and service, the company will reach a total turnover of approximately EUR 140 million in 2011 (after EUR 115 million in 2010).