Papyrus signs an agreement to acquire OSPAP in Czech Republic

Papyrus has signed an agreement to acquire the Czech paper merchant OSPAP. This as part of its strategy to grow the business in paper, visual communication and packaging distribution in major European markets. OSPAP, that has continued to operate since its owner PaperlinX Netherlands Holdings B.V. was placed into administration in the Netherlands, is a successful and well-established company with a broad customer base. The acquisition will enhance the geographical footprint of Papyrus in the region, improve the service and portfolio offering, and create higher efficiency for both customers and Papyrus.

Completion of the transaction remains subject to the approval of the relevant competition authority.

For further information, please contact:
Peter Sandberg, President and CEO, tel. +46 1051 72723
Stefan Sikander, Corporate Communication Director, tel. 46 1051 72684

Papyrus
Papyrus, with net sales of EUR 1,567 million in 2014, is a leading European merchant in paper, facility supplies and industrial packaging. The company is currently present in 20 countries across Europe and employs some 1,900 people. Papyrus supports more than 65,000 customers by providing products and services that enhance efficiency and contribute to a more successful business. With a long tradition and record of excellence, Papyrus is committed to staying at the forefront by offering quality products, high service levels and reliable logistics solutions. The Papyrus head office is located in Gothenburg, Sweden.

www.papyrus.com

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