Inapa Group has signed a binding agreement to acquire Papyrus Deutschland GmbH & Co KG, the German paper distribution company of OptiGroup AB. Combining Papier Union (Inapa’s paper distribution company in Germany) and Papyrus Deutschland, will create a leading company with revenues of around Euro 900 million. The resulting organization will have around 1,000 employees.
“This is an important step in our Group’s strategy, which aims to improve the paper business’ efficiency. With the acquisition of Papyrus Deutschland, Inapa will strengthen its position in the largest European market, Germany. Customers will benefit from a wider product portfolio in all graphic and office paper segments, packaging, visual communication, safety and hygiene solutions. Our reinforced geographical presence will allow us to improve customer service and efficiency levels. We are confident that we will be a trusted ally with the scale and scope to meet our customers’ needs in a unique way,” comments Diogo Rezende, CEO of Inapa.
This transaction is still subject to the customary regulatory approvals, namely the German Competition Authority, who will shortly be conducting a market test. The transaction is expected to be finalized in December 2018.
Inapa is a Portugal-based paper merchant.
