New co-investor for Zanders Paper

By Richard Stuart-Turner, Friday 26 April 2019

Be the first to comment

A Swedish company has become a co-investor of German papermaker Zanders Paper.


Around 300 staff work at Zanders Paper. Image: Thomas Geisel

Jool Invest owns the Jool Group, the subsidiaries of which include Lessebo Paper and Ess-Enn Timber. The company also owns a majority stake in Tibro Sågverk, a saw mill based in Skaraborg, Sweden.

While the size of Jool’s stake in Zanders Paper and other specifics regarding the transaction had not been disclosed at the time of writing, the business said it has “a clear industrial mindset and will be an active partner bringing further experience and capital creating a strong foundation for the planned growth of Zanders Paper”.

The Jool Group consists of 12 legal entities and employs around 250 staff. Its subsidiaries have a global presence and offices in six countries.

Based in Bergisch Gladbach near Cologne, Zanders began insolvency proceedings last summer and was acquired in December by Norwegian pulp and paper businessman Terje Haglund, who is also a shareholder of Lessebo Paper and the chief executive of Virginal Paper.

Around 300 of Zanders’ 450 staff stayed on at new company Zanders Paper, which has confirmed that it will continue to produce all of its core products following Jool’s investment, and is additionally planning to introduce further grades in the coming months.

Its existing portfolio, which includes Chromolux, Zanlabel, Zanbarrier, Zanpack, Zanjet, Silver Digital and RX Nature, is supplied by Antalis and Fenner Paper in the UK.

Share this

Related headlines

Zanders to be acquired with loss of 150 jobs
30 November 2018

German papermaker Zanders is set to be acquired, with the loss of 150 jobs.

Zanders announces 2019 paper price increases
31 October 2018

Zanders has announced paper price increases for 2019.

Zanders sale to complete in November
11 October 2018

The administrator at German papermaker Zanders believes the sale of the business will be finalised next...

Zanders launches new grass paper
11 October 2018

Zanders has developed a new uncoated grass paper for sustainable packaging.

This Issue

Latest comments