Papyrus finalises OSPAP acquisition
Gothenburg (Sweden), 11 December 2015 - Triton Fund II portfolio company Papyrus has finalised its acquisition of Czech paper merchant OSPAP. The acquisition will enhance Papyrus' geographical footprint in the Czech Republic and Eastern Europe.
Papyrus, with net sales of EUR 1,567 million in 2014, is a leading European merchant in paper, facility supplies and industrial packaging. The company is currently active in 20 European countries and employs some 1,900 people. Papyrus supports more than 65,000 customers by providing products and services that enhance efficiency and contribute to a more successful business. With a long tradition and record of excellence, Papyrus is committed to staying at the forefront by offering quality products, high service levels and reliable logistics solutions. The Papyrus head office is in Gothenburg, Sweden.
For further information: www.papyrus.com
The Triton funds invest in and support the positive development of medium-sized businesses headquartered in Northern Europe - with a focus on Germany, Switzerland, Austria and the four Nordic countries: Denmark, Finland, Norway and Sweden. Within this European region, Triton focuses 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 29 companies currently in Triton's portfolio have combined sales of over €13.8 billion and over 59,000 employees.
The Triton funds are advised by dedicated teams of investment professionals based in Germany, Sweden, the United Kingdom, Luxembourg and Jersey.
For further information: www.triton-partners.com
Phone: +49 69 921 02204