LIVIA GROUP announces the sale of Baden BoardSeptember 12, 2019
LIVIA Group announces the sale of its subsidiary Baden Board GmbH to the MARPERGER Group, the Family Office of the German-Czech entrepreneurial family Ferstl. Baden Board GmbH, based in Gernsbach, is one of the largest independent solid board manufacturers in Europe.
Baden Board annually produces around 150,000 tonnes of white-covered and coated duplex and triplex cardboard made from recycled paper. Together with the Packaging business unit, the company also offers innovative packaging solutions for numerous other applications. The company has been attracting attention in recent months with new developments in the area of food packaging. Over 70 percent of sales are generated in the food industry.
The MARPERGER Group invests in innovative companies, with a focus on the food industry and production. For example, in 2019, after extensive development, a shareholding with over one hundred employees in the soft drinks and sandwiches segment was successfully sold to one of the largest global food companies.