Europapier completes acquisition of PaperNet's signage business in Austria

Tuesday, Jul 21, 2015

Europapier CE GmbH, a daughter company of the Heinzel Group, has just closed the deal to acquire the signage business unit of the Austrian signage and paper merchant PaperNet GmbH, as was announced in June 2015. With this transaction, Europapier acquires the complete signage business as well as other remaining assets of PaperNet GmbH with effect from 24 July 2015. From that day, Europapier CE GmbH will provide full support and service to signage customers throughout the country, with company PaperNet GmbH closing its entire sales operation on the same day, as was officially pre-announced.

As part of the transaction, Europapier also takes over the existing PaperNet GmbH signage team of 17 employees around business lead Michael Hicker, guaranteeing a smooth transition of the business for existing customers.

The Austrian daughter companies of the Europapier Group, Europapier Austria GmbH and EU-RO Handelsges.m.b.H., both specialized in paper wholesaling and both holding the position of local market leaders, have continuously expanded their product portfolio and significantly increased their stock during the past weeks. This allows them to guarantee a reliable and sufficient supply to their Austrian paper wholesale customers, despite PaperNet’s discontinuation.

“In the continuously shrinking paper market we will witness further changes on the supply side in the coming years,” Helmut Limbeck, Board Member and co-owner of the Europapier Group, explains. “Contrary to current business trends, Europapier’s strategy is to invest in the product portfolio, availability and services offered in order to further expand our position as market leader and stay the reliable partner of choice for our customers. As the single remaining Austrian paper wholesaler, we bear a special responsibility in our home market. The recent extension of our product and service portfolio with the new range of signage business has therefore been a logical step.”

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