OptiGroup signs agreement to acquire Pac-Production in Sweden
Mölndal (Sweden), 15 August 2017 – OptiGroup, a Triton Fund II company, has signed an agreement to acquire Pac-Production Sweden AB, a leading Scandinavian distributor of catering and non-food products to the hospitality and service industries. Through this acquisition, OptiGroup’s Facility Solutions business segment will further strengthen its Nordic position in the segment of hotel, restaurant, catering and facility management supplies.
The transaction, which is subject to approval by the Swedish Competition Authority, is expected to be completed in the coming months. The purchase price has not been disclosed.
OptiGroup is a leading European business-to-business distributor of business essentials in Facility Solutions, Packaging & Safety Solutions, Printing & Creative Solutions and Reseller Solutions. OptiGroup companies specialise in offering products and services that streamline operations for their customers and promote a more successful business. The Group, with net sales of EUR 1.5 billion in 2016 and 1,900 employees, supports more than 65,000 customers in 19 countries across Europe.
The Triton funds invest in and support the positive development of medium-sized businesses headquartered in Europe, focusing on businesses in the Industrial, Business Services and Consumer/Health sectors.
Triton seeks to contribute to the building of better businesses for the longer term. Triton and its executives wish to be agents of positive change towards sustainable operational improvements and growth. The 31 companies currently in Triton's portfolio have combined sales of around €14.4 billion and around 89,000 employees.
The Triton funds are advised by dedicated teams of professionals based in Germany, Sweden, Norway, Finland, Denmark, Italy, the United Kingdom, the United States, China, Luxembourg and Jersey.
For further information: www.triton-partners.com
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