Huchtemeier Papier acquired by Grigeo

Grigeo Hygiene UAB, a direct subsidiary of Vilnius-listed paper and wood-processing platform Grigeo Group AB, completed the cross-border acquisition of 100% of the share capital of German tissue converter and distributor Huchtemeier Papier GmbH from the Vosschulte family. The transaction was financed entirely through Grigeo Hygiene’s existing balance-sheet liquidity and available equity reserves, without third-party debt underwriting. For the 2024 fiscal year, Huchtemeier generated consolidated turnover of €92m and an EBITDA of €2.6m, with approximately 73% of total revenue derived from core regional markets across Germany, Austria, and Poland. Under the transaction framework, Huchtemeier operates as an autonomous business unit within the group, preserving its brand identity and operational governance under the continued executive leadership of Chief Executive Officer Alfred Vosschulte alongside his sibling co-shareholders. Led by Grigeo Group Chief Executive Officer Tomas Jozonis, the strategic rationale centers on securing direct, localized access to the German tissue market—the largest paper and personal hygiene market in Europe—while capturing downstream distribution channels to absorb upstream primary mill capacity and optimize cross-border logistics networks into Central and Western Europe. On the buy-side, Grigeo Hygiene was advised commercially by Exedra Corporate Finance, with Baker Tilly GmbH & Co. KG providing financial, legal, and tax advisory services. The selling shareholders were advised by ACTIVE M&A Experts GmbH as exclusive M&A transaction adviser, with legal counsel provided by Aderhold Rechtsanwaltsgesellschaft mbH and tax advisory managed by Audalis mbB.