Papyrus agrees to acquire Arto Emballasje AS to expand its business in Norway within packaging

Papyrus is expanding its business in Norway with the signing of an agreement to acquire 100% of the shares in Arto Emballasje AS. The company, which specialises in the wholesale of industrial supplies and packaging, will become part of the Papyrus Supplies business area.

This acquisition is an important complement to strengthening Papyrus position in the area of facility supplies and packaging in the Nordic region and the rest of Europe, and is in line with the previous recent acquisitions in Scandinavia of StädgrossImporten in Stockholm and StädCentralen in Gothenburg; both completed in 2011.

‘‘Papyrus Supplies has a clearly defined strategy with the aim of becoming the market leader for industrial supplies and packaging in the Nordic region. The acquisition of Arto Emballasje is fully in line with this strategy. We are very proud to have acquired such a highly professional packaging supplier in Norway,’’ says Kjell-Ove Jonsson, Senior Vice President at Papyrus Supplies.

Closing of the transaction is expected in February, subject to completion of certain conditions and approval by Norwegian regulatory authorities.

For further information, please contact:
Kjell-Ove Jonsson, Senior Vice President Papyrus Supplies, tel: +46 (0)10 517 29 44

Papyrus
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.
www.papyrus.com

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