OptiGroup announces further investments in the Industrial & Safety Solutions business segment
Mölndal (Sweden), 11 January 2018 – OptiGroup, a Triton Fund II company, has announced further acquisitions in the business segment Industrial & Safety Solutions in Romania and Finland. In total, the acquired businesses will add approximately EUR 50 million in sales to this fast developing part of the Group.
Proxima Tapes and Proxima Comserv are engaged in the service and sale of industrial packaging mainly in the North Western region of Romania. The acquisition of the two companies will add to OptiGroup's existing packaging business in Romania, which has shown strong organic growth in recent years.
Mercamer and Telpak are full service packaging distributors with a wide range of industrial packaging products, services and equipment. The transactions are subject to approval by the Finnish Competition Authority. The acquisitions would represent OptiGroup's first entry into the industrial packaging market in Finland, and will be complementary to the existing activities in the Nordic region.
Commenting on the expansion, Christoph Sander, Chairman and CEO of OptiGroup said, "This is an important development for OptiGroup, and reinforces our ambition to expand our Industrial & Safety Solutions business segment, both organically and through acquisitions. By adding these businesses to our existing Industrial & Safety Solutions businesses in the Nordics and other countries, we will see a significant increase of our size in this growing and attractive business segment."
OptiGroup is a leading European business-to-business distributor of business essentials in Facility & Foodservice Solutions, Industrial & Safety Solutions, Printing & Creative Solutions and Retail & Reseller Solutions. OptiGroup companies specialise in offering products and services that streamline operations for their customers and promote a more successful business. The Group, with net sales of EUR 1.5 billion in 2016 and 2,100 employees, supports more than 90,000 customers in 19 countries across Europe.
The Triton funds invest in and support the positive development of medium-sized businesses headquartered in Europe, focusing on businesses in the Industrial, Business Services and Consumer/Health sectors.
Triton seeks to contribute to the building of better businesses for the longer term. Triton and its executives wish to be agents of positive change towards sustainable operational improvements and growth. The 34 companies currently in Triton's portfolio have combined sales of around €14 billion and around 90,500 employees.
The Triton funds are advised by dedicated teams of professionals based in Germany, Sweden, Norway, Finland, Denmark, Italy, the United Kingdom, the United States, China, Luxembourg and Jersey.
For further information: www.triton-partners.com