PaperlinX continues sale of European businesses
| 04 June, 2015
PaperlinX has continued to offload its European businesses with the sale of its Irish subsidiary to its management team, its Scandinavian operations to Antalis International and its Spanish business to its management team.
Completion of the sale of its Irish operations is subject to a number of conditions but is expected to occur shortly.
PaperlinX Limited Managing Director and Chief Executive Officer, Andy Preece commented “After an extensive sales process and given the backdrop of recent events in our Europe an operations, the successful sale of these three businesses represent the most appropriate outcome for all stakeholders. We are very pleased that they will continue to operate and we wish all parties every success.”
The two remaining PaperlinX businesses in Europe are the Czech Republic and Germany.