Conclusion of the acquisition of Papyrus Deutschland

Inapa and OptiGroup AB today finalised Inapa's acquisition of Papyrus Deutschland GmbH & Co KG, a company dedicated to the distribution of paper for the graphic and office segments in Germany. The transaction takes effect on 31 July 2019.

This operation will strengthen Inapa's position in the market, increasing the Group's turnover by more than 50 per cent, making it the leading paper distributor in Western Europe.

The Group will now have a leading position in Germany, France and Portugal.

Inapa intends to combine the business of Papyrus Deutschland, which had a turnover of 569 million euros in 2018, with that of its German subsidiary Papier Union, which had a turnover of 380 million euros in the same period.