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 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
About OptiGroup
OptiGroup is a leading European business-to-business distributor of business essentials in Facility, Safety & Foodservice Solutions, Industrial Solutions, Printing & Creative Solutions and Retail & 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 1.6 billion in 2018 and 2,200 employees, supports more than 110,000 customers in 19 countries across Europe.