OptiGroup acquires 100% of the shares of Pac-Production Sweden AB. Through this acquisition, the company expects to further strengthen Nordic position of the company’s business segment Facility Solutions in the segment of hotel, restaurant, catering and facility management supplies. The purchase price has not been disclosed.
Pac-Production is a leading Scandinavian distributor of catering and non-food products to hospitality and service industries. The company has revenues of approximately EUR 60 million.
According to the announcement, the transaction, which is subject to approval by the Swedish Competition Authority, is expected to be completed in the coming months.
Earlier Papyrus Holding AB changed its name to OptiGroup AB
The company is a leading European business-to-business distributor of business essentials in Facility Solutions, Packaging & Safety Solutions, Printing & Creative Solutions and Reseller Solutions. Its 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 1,900 employees, supports more than 65,000 customers in 19 countries across Europe.