This firm came into existence in late 1936 through the amalgamation of a number of small firms in the wholesale paper trade, including Bunzl und Biach, Ortmann and the Wiener Neustädter Papierfabrik Salzer AG. The combine engaged in the manufacture, processing and sale of paper, paper goods, pasteboard and corrugated wares including printing, writing, kraft, crepe and cigarette papers. In addition to its factories within Germany, it operated a sales office in Prague and a purchasing office in Paris. With financial support of the Länderbank Wien it subsequently entered the field of textile manufacture and processing, forming several new subsidiary companies for such purposes.
Subsidiaries of the firm include:
In Germany
Rheinische Sortieranstalt AG, Köln, (textile sorting and re-purposing)
Rheinische Textilfabriken AG, Wuppertal-Elberfeld (textile manufacture)
Abroad
Bulgarische Textil AG "Ortmann", Sofia (textile sales)
N. V. Industrie en Handelsmaatschappij "Vultex", Amsterdam (import, export and sales)
Produkten und Rohmaterial Handels AG, Budapest (import, export and sales)