Papyrus finalises OSPAP acquisition
Papyrus has finalised its previously announced acquisition of Czech paper merchant OSPAP. The transaction was completed following approval from the Czech competition authority. This acquisition is a further step in enhancing Papyrus geographical footprint in Czech Republic and Eastern Europe. “Papyrus strategy is to develop leading positions in selected European markets. This acquisition will clearly help us to achieve this objective in Czech Republic. By creating a stronger position in the region, we can improve the service and portfolio offering, and create higher efficiency for both