OptiGroup finalises the sale of its German paper distribution business
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