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Manufacturer Martin Krengel: the king of toilet paper

2020-10-13T05:30:46.631Z


In the Sauerland, the manufacturer Martin Krengel runs the Westphalian paper mill. He is one of the big beneficiaries of the Corona crisis.


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Paper manufacturer Martin Krengel

Photo: Dirk Hoppe / NETZHAUT

The German likes it white and folds it when in use, the southern European likes colored things and prefers to crumple it up - the toilet paper.

But if an epidemic breaks out, they are all the same: Then they hoard the paper rolls for the devil.

In the Corona spring, hygiene paper, as manufacturer

Martin Krengel

(63) elegantly calls his most important product, became a hot product everywhere.

With their family company Wepa (short for "Westfälische Papierfabrik") in cozy Arnsberg-Müschede, the Krengels are the third largest producer on the continent.

The fact that hardly anyone knows the heroes of the quiet village is due to the fact that they mainly roll up their paper for retail chains and have never built their own brand.

It went really well.

With various takeovers, Krengel - who once flirted with a footballing career (goalkeeper), but then crammed Jura well and went to his father's company - raised sales to 1.3 billion euros.

And the Krengels quickly corrected mistakes such as the entry of a financial investor.

They are supported by compatriot

Friedrich Merz

(64; CDU), who is the undisputed chairman of the supervisory board.

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Source: spiegel

All news articles on 2020-10-13

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