Papyrus has finalised its previously announced acquisition of Czech paper merchant OSPAP. The transaction was completed following approval from the Czech competition authority. This acquisition is a further step in enhancing Papyrus geographical footprint in Czech Republic and Eastern Europe.
“Papyrus strategy is to develop leading positions in selected European markets. This acquisition will clearly help us to achieve this objective in Czech Republic. By creating a stronger position in the region, we can improve the service and portfolio offering, and create higher efficiency for both customers and Papyrus”, says Peter Sandberg, president of Papyrus.
“I look forward to teaming up with OSPAP and tapping into their competences. This acquisition will strengthen our ability to better serve Czech customers by widening the supply chain network, adding packaging, signage and visual communication products to the portfolio and expanding our comprehensive e-business to more customers”, says Sorin Buga, vice president for South Eastern Cluster.
OSPAP, has continued to operate independently since its owner PaperlinX Netherlands Holdings B.V. was placed into administration in the Netherlands. It is a successful and well-established company with a wide customer base. The company has a leading market position in the Czech graphical media market. OSPAP has some 100 employees and net sales of EUR 49 million in 2014.