Weig, a family-owned group of companies, comprising the three business units packaging, cartonboard, and recycling, agreed to acquire Buchmann, a family-owned business, producing recycled cartonboard for the European folding carton industry at its Annweiler site. Financial terms were not disclosed. "We are delighted to sign this transaction, which is an important milestone for both WEIG and Buchmann. Buchmann has developed a solid business model, offering innovative, high-quality products to its clients. We are convinced of Buchmann’s added value for WEIG Group, allowing us to gain further capacity for market expansion. We would like to thank Clearwater International’s German team, who provided excellent advice throughout the process." Moritz Weig & Xaver Weig, Weig Managing Shareholders.