Consortium acquires German paper mill

A collection of German investors, including a consortium led by the paper converting operation May + Spies, has acquired the Reflex GmbH & Co. paper mill in Düren, Germany.

The new owners of the paper mill say the company will take a multi-tiered strategy that is initially based on the paper mill’s strong business sectors. The newly acquired company will focus its operations around four sectors: graphic paper, uncoated label paper, technical paper and a fourth field that will focus on a new business that the company is in the process of acquiring.

In addition to the product diversification, Reflex also will be looking to diversify its operations into new or dormant markets. While the company’s initial focus will target German, Austrian and Swiss markets, going forward the company hopes to expand its business to include overseas markets.

To accomplish this, Reflex’s new owners say they will invest significantly in production facilities that will ensure sustainability, efficiency and high product flexibility while retaining a high quality standard.

Heading up the mill as CEO will be Hariolf Koeder, who has been active as a consultant for Reflex since the end of 2013. Employed in the paper industry for more than 25 years, Koeder has extensive experience in restructuring, international distribution and reorienting companies.

“In view of the great potential, the strong brands and above all, the proven loyalty of customers and employees, I see great development possibilities for Reflex on the market. I am looking forward to this challenge and to working together with the whole team,” says Koeder.