Prinzhorn Group acquires 5,400 hectares of forestry in Austria
January 28, 2019
AUSTRIA (News release) -- On February 1st, 2018, Prinzhorn Holding GmbH, through its subsidiary, Forstverwaltung Neuhaus GmbH, will take over the entire assets and employees of the Neuhaus-Alpl forestry administration. The assets relate in particular to 5,400 hectares in the municipality of Langau near Gaming, Lower Austria. Included are all real estate objects and the forest with about 1.5 million solid meters of wood in well-developed terrain.
The 10 employees as well as the existing leases and leases were taken over.
As a packaging and recycling company, the Prinzhorn Group has a high responsibility for environmental protection.
"We are a family business and have a long-term and sustainable view of our development. A forestry company like this is very closely connected with our natural wood fiber value chain and fits in well with our group, "said Cord Prinzhorn, CEO of the Prinzhorn Group.
The Prinzhorn Group is a European market leader in the packaging, paper and recycling industry.
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