Lithuania’s Grigeo Group has entered the German market after acquiring Huchtemeier Papier.
Subsidiary company Grigeo Hygiene has acquired 100% of the shares in the Dortmund-based business, in what it said is “a strategic move that opens up the largest European market” for the group and new expansion opportunities in Germany and neighbouring countries.
Family-run Huchtemeier Papier was founded over 125 years ago and is a leading supplier of high-quality paper raw materials and converted tissue products.
It supplies hygiene paper and napkins to wholesalers and specialist retailers, as well as paper raw materials and semi-finished products to industrial customers.
The company’s products are used in the cleaning services, hotel, catering, and medical sectors.
In 2024, Huchtemeier Papier’s sales amounted to €92m and EBITDA to €2.6m. With a share of 73% the company generated the majority of its revenue in Germany, Austria, and Poland.
Tomas Jozonis, Chief Executive of Grigeo Group, said: “By acquiring Huchtemeier Papier, we are not only acquiring a company with deep traditions and a strong name in the German paper market, but also invaluable experience and partnerships built up over more than a century.
“This is a strategic move that opens up the largest European market for us – Germany, as well as Austria, where Huchtemeier Papier has a strong position.
“For our hygiene paper segment, this step will allow us to expand our logistics chain and ensure long-term partnerships with local customers.”
Huchtemeier Papier will continue to operate as an independent business unit, retaining its name, and the two brothers and sister of the Vosschulte family who have managed the company to date will continue their activities in the company.
“Our goal as the new partner is to ensure business continuity, supply chain stability, and lay the foundation for the company’s continued sustainable growth,” Jozonis added.
Alfred Vosschulte, Chief Executive of Huchtemeier Papier, said: “With Grigeo Group, we immediately recognised a strong cultural fit and the assurance that our family business values will be preserved.
“The opportunity to continue as an independent business unit while contributing our strengths to a growing international tissue group was decisive for us.”
Huchtemeier Papier currently has a team of 47 employees and sales offices in Germany, Austria, Poland, and Türkiye.
