As announced, OptiGroup has closed the sale of its German paper distribution business, Papyrus Deutschland GmbH & Co KG, to Investimentos, Participações e Gestão, S.A. (Inapa), which intends to combine the business with their German subsidiary, Papier Union GmbH. The closing of the transaction was on the 31st of July 2019.
As stated, the German paper distribution market has been under severe pressure in recent years and it is necessary for traditional paper merchants to restructure and strengthen their platform and customer offering in order to compete successfully. OptiGroup is convinced that the combination of Papier Union and Papyrus Deutschland GmbH Co KG will create a stronger platform for customers, suppliers and employees in Germany.
The other 17 Papyrus markets are unaffected by this announcement. Papyrus maintains its leading position as a service and solutions provider in Continental Europe, such as Benelux, Nordics, Switzerland and Eastern Europe.
"We offer our customers an attractive assortment of quality products at a high availability, combined with value-adding services and reliable logistical solutions. Our dedicated Papyrus employees are looking forward to keep building a strong business relationship with our customers and suppliers." Niklas Järbur, Business Area Head Printing & Creative Solutions and Managing Director of Papyrus.