Körber to Sell Paper Systems Companies

The Körber Group, Hamburg, Germany, reports that it has decided to sell off companies that are no longer part of its core business, including E.C.H. Will, Pemco, and Kugler-Womako, which are part of the Körber PaperLink Group. The three companies, which work closely together as Paper Systems, collectively have around 440 employees. Sales in 2010 amounted to some EUR 100 million.

There is no specific time horizon for the divestment, the company said. While it would like to complete the sale quickly, Körber noted that it is more important to find the best possible investor for the companies.

The Körber PaperLink Division is to remain part of the Körber Group. It will concentrate on its competencies in the fields of tissue, hygiene, mailing solutions, and production logistic, and will further strengthen and expand these interests, the company said.