Antalis sells off its Southern African business
| 17 July, 2018
Antalis has signed a binding agreement to sell Antalis South Africa PTY LTD and Antalis Botswana PTY LTD to the local management team for an enterprise value of approximately €8 million. These businesses are present mainly in the Papers sector. They reported sales of €71 million in 2017 and employ around 320 people.
The operation is subject to the authorisation of the local competition authorities and should be finalised during the summer. This move is part of Antalis’ strategy of refocusing on the most dynamic geographies and business sectors and to boost the contribution of Packaging and Visual Communication to the Group’s consolidated gross margin.