Papyrus acquires XL Graphics in Belgium
Papyrus has acquired the Belgian large format printing distributor, XL Graphics. With the acquisition of XL Graphics, Papyrus gains a number two position on the Belgian market for the growing segments of signs & displays and digital printing on large format surfaces. The all-cash acquisition was completed on October 28, 2011.
“As a result of the XL Graphic acquisition, we now have a strong market position in Belgium to participate in the fast growing segment of visual communication. We will further improve our service to customers by adding a product and service range complementary to Papyrus,” says Jan Muller, Senior Vice President Western Cluster.
The acquisition of XL Graphics follows the acquisitions of two Swedish full service retailers within professional cleaning, Städcentralen Träffpunkten AB and StädgrossImporten i Stockholm AB. The strategic aim of the acquisitions is to expand sales in value-added segments and to strengthen Papyrus position as a leading paper, facility supplies and industrial packaging merchant in Europe.
Papyrus, with net sales of EUR 1 896 million in 2010, is a leading European merchant in paper, facility supplies and industrial packaging. The company is currently present in 22 countries across Europe and employs some 2 700 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 Göteborg, Sweden .
For further information, please contact:
Jan Muller, Senior Vice President Western Cluster, Tel: +41 79 9341908
Stefan Sikander, Corporate Communication Director, Tel: +46 706 404684