UPM has signed an agreement on the sale of the recovered paper sorting plant ASK Kinsau in Germany to the Fisel Holding GmbH & Co. KG, a recovered logistics and municipal waste disposal company.
The sale and purchase agreement includes the site and buildings. The parties have agreed not to disclose the purchase price. All employees of ASK Kinsau will be transferred to the new owner.
“We are pleased, having found a long-term oriented and innovative buyer for the Kinsau site. The Fisel Group has a high level of expertise in handling recovered paper. As an integral part of this recycling company the sorting facilities could be better developed and optimized,” says Marco Kulterer, responsible for RCP Supply Chain & Operations at UPM Sourcing.
“ASK Kinsau will remain an important site for sorting and processing further recovered paper in Bavaria. We plan to invest in the sorting plant and the site in near future, as well as to improve the logistical capabilities on site. We are pleased to welcome the long-serving and competent employees to our company and look forward to the future with optimism together with them,” says Matthias Fisel, Managing Director, ASK.
For further information please contact:
Marco Kulterer, Manager, RCP Supply Chain & Operations, UPM Sourcing
tel. +49 821 3109 9226, marco.kulterer@upm.com
UPM Communication Papers
UPM Communication Papers is the world's leading producer of graphic papers, offering an extensive product range for advertising and publishing as well as home and office uses. The high performing papers and service concepts of UPM add value to our customers' businesses, while actively fulfilling demanding environmental and social responsibility criteria. With headquarters in Germany, UPM Communication Papers employs approximately 6,300 people. More about UPM Communication Papers and its products at www.upmpaper.com
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UPM
We deliver renewable and responsible solutions and innovate for a future beyond fossils across six business areas: UPM Fibres, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Communication Papers and UPM Plywood. As the industry leader in responsibility, we are committed to the UN Business Ambition for 1.5°C and the science-based targets to mitigate climate change. We employ 17,200 people worldwide and our annual sales are approximately EUR 11.7 billion. Our shares are listed on Nasdaq Helsinki Ltd. UPM Biofore – Beyond fossils. www.upm.com
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