The management of Hagen-Kabel Pulp & Paper GmbH announced today the acquisition of the Kabel Mill from Stora Enso. The virgin fibre-based coated mechanical paper of the Hagen-Kabel paper mill is well-positioned at the top of the industry.

Hagen-Kabel Pulp & Paper GmbH has been founded by a group of renowned experts in the paper industry, including Dr. Hubertus Burkhart, CEO, and Dr. Günther Niethammer, of the founding-family of Kübler & Niethammer Papierfabrik Kriebstein AG, and Harm Bouma, who has held various senior management positions in the paper industry, including as CEO of Voith Escher Wyss. The group further consists of two experienced financial managers: Rüdiger Thieke, CEO of the Thieke Group, and Klaus Weber, former managing director of various international financial services providers.

The acquisition of the Kabel Mill is a significant step towards the fulfilment of a long-term strategic plan devised by the new owners. Dr. Günther Niethammer, whose family has 160 years of experience in paper manufacturing, explains, “Hagen-Kabel is a factory with excellent credentials and a qualified and motivated team. We have identified lots of potential for the future and will focus primarily on client centricity and service.” Dr. Hubertus Burkhart will assume the role of CEO temporarily.

Dr. Hubertus Burkhart, formerly Senior Vice President at Stora Enso Group and Managing Director of LEIPA said: “Hagen-Kabel is strategically well positioned for the production of graphical papers. We will introduce new fiber-concepts including recycled fibers and thermomechanical pulp, offering a broader product range to the market. Furthermore, we will increase the converted volumes.”

The paper mill Hagen cable employs approx. 540 professionals and produces an annual turnover of approx. € 300 million respectively more than 485,000 tons of high quality coated graphical paper in the segments rotogravure and offset.