Inapa receives approval for acquisition of Papyrus Deutschland
| 04 July, 2019
German authorities has approved the acquisition by Inapa of Papyrus Deutschland GmbH & Co KG, the German subsidiary of paper merchant Opti Group AB. The closing of the transaction will happen within the next 30 days.
Inapa Group announces that it has signed a binding agreement to acquire Papyrus Deutschland in October 2018. Combining Papier Union (Inapa’s paper distribution company in Germany) and Papyrus Deutschland, will create a leading company with revenues of around €900 million (in 2017 Papyrus Deutschland had a turnover close to €560 million and a similar business structure than Papier Union which had a turnover of €390 millions).