Label and Graphic Materials - Reported sales increased 25% to $1.4 billion. Compared to prior year, sales were up 17% ex. currency (up 11% vs. 2019) and up 16% on an organic basis (up 11% vs. 2019). *Label and Packaging Materials sales were up approximately 12% from prior year on an organic basis, with strong growth in both the high value product categories and the base business. *Sales increased by approximately 49% organically in the combined Graphics and Reflective Solutions businesses. *On an organic basis, sales were up high-single digits in North America, up mid-teens in Western Europe, and up approximately 20% in emerging markets. Retail Branding and Information Solutions - Reported sales increased 80% to $529 million. Compared to prior year, sales were up 73% ex. currency (up 25% vs. 2019) and up 72% on an organic basis (up 14% vs. 2019), reflecting strong growth in both the high value categories and the base business. *Intelligent Labels was up approximately 65% organically. Industrial and Healthcare Materials - Reported sales increased 49% to $197 million. Compared to prior year, sales were up 39% ex. currency (up 11% vs. 2019) and up 33% on an organic basis (up 6% vs. 2019), reflecting an approximately 60% increase in industrial categories and a high-single digit decline in healthcare categories.
The continued existence of Germany’s specialty paper manufacturer Feldmuehle Uetersen, which has been in insolvency proceedings since January this year, is assured. With effect from 1 June, the company will be taken over by a holding company, according to Andreas Jung, spokesman of insolvency administrator Dr. Tjark Thies.
The company reports that the buyer is a holding company that has not yet been active in the paper industry. Paper production is said to continue unchanged.
Feldmuehle Uetersen can produce up to 250,000 tpy of white, coated label paper, packaging paper, and graphic paper.