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20 Apr 2026

Baker Tilly Advises Dunapack Packaging on Acquisition of Stora Enso's German Corrugated Plants

"Baker Tilly advised Dunapack Packaging (Prinzhorn Group) on its acquisition of three German corrugated packaging plants from Stora Enso. The deal covers Gaster Wellpappe, Wellpappe Sausenheim and PTI (c.350 employees; ~EUR 74m revenues in 2025). Baker Tilly provided integrated tax and financial due diligence and SPA advisory; completion is subject to merger control clearance in 2026."

Baker Tilly advised Dunapack Packaging, part of the Austrian Prinzhorn Group, on the acquisition of German corrugated packaging plants from Stora Enso. The international advisory and auditing firm supported Dunapack with integrated tax and financial expertise across all phases of the process. The transaction comprises the acquisition of Gaster Wellpappe, Wellpappe Sausenheim and PTI, with facilities located in south‑western Germany. Together the companies employ around 350 people and generated revenues of approximately EUR 74 million in 2025. Completion of the transaction is subject to merger control clearance and is expected to take place in the course of 2026. With this acquisition Dunapack Packaging further strengthens its presence in Germany and expands vertical integration across paper and corrugated packaging. The group is pursuing its integrated business model strategy to support further sustainable growth. Baker Tilly represented Dunapack Packaging (Prinzhorn Group) with a team composed by: Tax Due Diligence: Uwe Roth (Partner), Stefan Lehner, Melina Heindl; Financial Due Diligence: Frank Stahl, Felix Burghart, Julian Mair. SPA advisory services were provided on an integrated tax and financial basis.
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