Hansol Paper Acquires Self Adhesive Label Producer Telrol B.V.

"The objective of this acquisition will be to enter into the fast growing label business . . ." – Mr. Sang-Hun Lee, CEO, Hansol Paper.

Aug. 20, 2014 - Korea's Hansol Paper on Aug. 14 announced the acquisition of the shares in Telrol B.V., a European leader in self-adhesive labels from Telrol Management B.V. The founder, Ton Jacobs, will leave the company for retirement and Hoessein Hadaoui will remain CEO & part owner of the Group.

"The objective of this acquisition will be to enter into the fast growing label business and to ensure Telrol's further growth with Hansol Paper's experience and core competency," said Mr. Sang-Hun Lee, CEO of Hansol Paper.

"To strengthen its business portfolio, Hansol Paper became the first Korean paper manufacturer to enter into European market after acquiring the Schades Group (Sept. 2013), a European market leader in POS thermal paper converting and label manufacturing. As its future business plan, Hansol Paper aims to grow its label converting business to its core business all along with the paper converting of the Schades Group.

Hoessein Hadaoui, CEO of Telrol Group, said, "This acquisition will enable the company to further strengthen its competitive position and become a part of a significant pan-European group, as well as Hansol's competitive advantage and high quality standards will strengthen our position. Our growth strategy will include large scale national and international acquisitions in the label industry and the current employees will be retained and new opportunities for job creation are part of the future growth strategy."

About Hansol Paper
Hansol Paper is the largest subsidiary of the Hansol Group, which was spun out of the Samsung family in 1991. Having operated for 50 years, the company is Korea's largest paper manufacturing company with annual revenue of USD 2 billion and total assets of USD 3 billion as of Dec 2013. Hansol Paper is capable of annually producing approximately 2 million tons of Printing & Writing Paper, Duplex Board, Container Board, Specialty Paper, Thermal Paper and several other types of papers.

About Telrol
Telrol was founded in 1995 with its headquarter based in Almere, the Netherlands. The Telrol Group comprises of Peha Labels, BioLabel, HACCP Label, LMG Ribbons, Kolibri Labels and Q-Tronics, and is the market leader in the Benelux in self-adhesive labels. The Telrol Group now employs 230 people and features over 60 printing and converting machines and virtually unlimited technical possibilities.

About Schades
Schades was founded in 1916 in Skive, Denmark where it is still headquartered. Schades Group converts thermal paper for its customers, including receipt paper rolls for cash registers and self-adhesive labels and enjoys a market-leading position in Europe and with a unique customer base including; retail, office stationery, distributors in food and non-food retail as well as logistics. Schades Group manufactures its products and serves customers from highly advanced factories in Germany, Denmark, the UK and France. The company also has sales offices in Finland, Sweden, Switzerland and Belgium.

SOURCE: Telrol Group