STOCKHOLM, July 12, 2019 /PRNewswire/ -- OptiGroup has today
closed the sale of its German paper distribution business, Papyrus
Deutschland GmbH & Co KG, to Investimentos, Participações e
Gestão, S.A. (Inapa), which intends to combine the business with
their German subsidiary, Papier Union GmbH. The transaction is in
line with OptiGroup's strategy to diversify into areas with higher
growth. The effective date of the transaction will be July 31, 2019.
OptiGroup's President and CEO, Sören Gaardboe
comments:
"The sale of our German paper distribution business marks
another concrete step in OptiGroup's strategy to strengthen and
proactively develop the business portfolio. In recent years, we
have made several strategic acquisitions in the areas of personal
protection equipment, cleaning & hygiene and packaging. The
capital released through the sale will be used to further develop
our portfolio of businesses, and accelerate the transformation
journey towards sectors with higher growth."
Business Area Head Printing & Creative Solutions, Niklas
Järbur comments:
"The paper distribution market in Germany has been under severe pressure in
recent years and it is necessary for traditional paper merchants to
restructure and strengthen their platform and customer offering in
order to compete successfully. We are convinced that the
combination of Papier Union and Papyrus Deutschland will create a
stronger platform for customers, suppliers and employees.
Our Papyrus businesses outside Germany are unaffected by this transaction and
Papyrus will continue to be a leading paper distributor to the
printing industry with strong market positions in Benelux, Nordics,
Switzerland and Eastern Europe."
For further information, please contact:
Stefan Sikander
Corporate Communication Director
OptiGroup
Tel.+46-706-404684
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