Papyrus to invest in a European paper specialties hub in Cologne, Germany
Mölndal (Sweden), 22 March 2017 – Papyrus Group (Papyrus), a Triton Fund II and Altor Fund II company, has announced its plan to invest in a new logistical hub in Cologne, Germany. This investment will optimise Papyrus’ logistical infrastructure and improve its service offering of paper specialties to its customers across Europe. The new 22,000-m2 state-of-the-art warehouse will be accompanied by a paper competence center for service development, training and customer seminars. It is expected to open in early 2018.
This further investment in Papyrus is in line with the strategy to build the strongest platform for its Printing & Creative Solutions business segment in Europe. It follows the earlier investment in Switzerland through the acquisition of Inapa Switzerland in December 2016 and the acquisition of the Swedish Viscom company Olsonic.
With net sales of EUR 1.5 billion in 2015, Papyrus is a leading business-to-business distributer of business essentials and provides more than 65,000 customers across 19 countries in Europe with Safety solution, Facility solutions, Industrial Packaging solutions and Printing & Creative solutions.
For further information: www.papyrus.com
The Triton funds invest in and support the positive development of medium-sized businesses headquartered in Austria, Belgium, Denmark, Finland, Germany, Italy, Luxembourg, the Netherlands, Norway, Spain, Sweden and Switzerland. 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 around €13.8 billion and around 76,000 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, Luxembourg and Jersey.
For further information: www.triton-partners.com