Palm takes over the corrugated board specialist Seyfert (Group)

With effect of 1st June 2014, Frank Seyfert has decided to hand over his company to the friendly family enterprise Palm. The Seyfert Group is an established and successful manufacturer of corrugated board, the seat of the company is in Reichenbach an der Fils, Germany; it was a family business for 102 years.

The merger with Seyfert strengthens the Palm Group in the German market and expands the packaging range in France. Frank Seyfert also praises the synergies, that have resulted from the merger. He says,"With the takeover by the Palm Group we safeguard that the Seyfert plants can be developed further under their familiar name. "We continue to be a reliable and competent Supplier and Partner to our customers." "As an employer, Seyfert remains a reliable and safe partner."

The Seyfert Group operates three corrugated board plants in Germany. In France they own three further corrugated board plants, two sheet processing companies and one paper mill for corrugated base paper. In the financial year 2013, they could generate a turnover of € 280 million Euros with their 1,200 employees.