April 21, 2026
Translink Corporate Finance advised Stora Enso on the sale of its German corrugated packaging business to Dunapack Packaging
Translink Corporate Finance™ teams in Sweden, Finland and Germany have acted as financial advisers to Stora Enso in connection with the sale of Gaster Wellpappe, Sausenheimer Wellpappe and PTI, to Dunapack Packaging, part of the Prinzhorn Group.
The sell-side transaction marks the second time Translink CF has acted as adviser to Stora Enso
The transaction marks the second in which Translink CF has acted as adviser to Stora Enso, following the sale of Selfly Store in January 2025. The mandate was executed by teams in Sweden, Finland and Germany, underlining Translink CF’s ability to deliver complex cross-border M&A transactions.
Stora Enso brings high-performing corrugated packaging operations in Germany to Dunapack Packaging
Stora Enso is a leading provider of renewable products in packaging, biomaterials and wooden construction, and one of the largest private forest owners in the world. The divested business comprises the companies Gaster Wellpappe, Sausenheimer Wellpappe and PTI, which together form an integrated corrugated packaging business in Germany. The companies conduct the production and conversion of corrugated packaging across five facilities in southern Germany, employ approximately 350 people and generated a turnover of around €74 million in 2025.
Dunapack Packaging, part of the Prinzhorn Group is a manufacturing company that designs and produces high-quality customised and printed corrugated packaging.
Comments from Prinzhorn Group
“The transaction marks a further important step in the growth strategy of Dunapack Packaging aiming to increase its geographical footprint and will additionally foster our paper integration rate within the group,” said Gerald Prinzhorn, CEO, Prinzhorn Group.
Comments from Dunapack Packaging
“We are excited to serve our existing and new customers with the best of our proven service quality by benefiting from our integrated business model with Hamburger Containerboard Division. The expertise of our new colleagues will be a great addition, and we are looking forward to welcoming them in our group,” said Max Hölbl, Chairman, Dunapack Packaging.
Comments from Translink Corporate Finance
“We would like to thank Stora Enso for once again appointing us as sell-side adviser. Being mandated on an additional transaction reflects the strength of our collaboration. The transaction also highlights the value of Translink CF’s integrated platform – by combining local market expertise with coordinated international execution, we can deliver high-quality outcomes in cross-border processes. It has been a pleasure working with the teams at Stora Enso, Gaster Wellpappe, Sausenheimer Wellpappe and PTI, as well as our Translink CF colleagues in Finland and Germany,” said Fredrik Ullberg, Translink Corporate Finance.
Contact our Team
Translink Corporate Finance is a world leader in cross-border mid-market M&A advisory services, specialising in transactions ranging from €10M to €250M. Established in 1972, with over five decades of experience, we get the deal done. We are a trusted global group with over 400 experts worldwide, and a proven track record with long-standing clients and deep sector specific knowledge. At Translink Corporate Finance, we are easy to approach, and our core ethos revolves around the pursuit of sustainable value creation for our clients – whose best interests always come first.
Translink Corporate Finance Sweden is a trusted M&A advisor recognised for its commitment, accessibility, and ability to create real value for clients. We work primarily with owner-managed businesses and private equity firms, providing expert advisory services in acquisitions, mergers, and divestments across more than 30 markets.
Driven by a strong entrepreneurial spirit and deep sector expertise, our team is known for being dedicated, driven, and reliable. We believe that every transaction marks the beginning of a lasting relationship and an opportunity to help our clients achieve the deal of their lives. Visit Translink Corporate Finance Sweden
Translink Corporate Finance Finland, based in Helsinki, is one of the leading boutique investment banks in Finland. Since its foundation more than 20 years ago, its partners have completed more than 150 successful M&A transactions in different industries working closely together with business partners and industry players, both locally and internationally. In addition, Translink Finland is a Certified Adviser on NASDAQ OMX First North. Visit Translink Corporate Finance Finland
Translink Corporate Finance GmbH & Co. KG with its offices in Frankfurt Berlin, Bremen and Cologne covers Translink’s business in Germany, Austria, and Switzerland. It is composed of seasoned finance and M&A professionals who have in-depth experience in a variety of sectors and disciplines. Visit Translink Corporate Finance Germany
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