European paper wholesale is changing
The investment company Sequana Capital is making further inroads into the paper market with a strategic takeover. Its subsidiary Antalis will integrate the Map Merchant Group into the company - creating a new market leader in European paper wholesale.
Following its strategic reorientation towards the paper market, the private equity company Sequana Capital has confirmed its intentions in this sector. Antalis is taking over the Map Merchant Group, the wholesale arm of paper producer M-Real. The acquisition, worth the equivalent of 382 million euros, will make Sequana Capital subsidiary Antalis the new number one in paper wholesale in Europe and number four globally. The acquisition is still awaiting the approval of the competition authorities. The move will enable Antalis to massively strengthen its presence in Europe and take a leading position in all countries where Antalis is present. In addition to improving operational efficiency, it is also expected to increase turnover by 38 percent and sales by 46 percent, the company writes in a press release. The merger will also expand the product range.
"This acquisition confirms our ambitions in the paper sector. The strategy is to fully support our subsidiaries so that they can strengthen their leading positions in all business areas. The current acquisition enables Antalis to clearly position itself as a leading European company, to accelerate its growth targets and to increase profitability in the medium term.
"This acquisition confirms our ambitions in the paper sector. The strategy is to fully support our subsidiaries so that they can strengthen their leading positions in all business areas. The current acquisition enables Antalis to clearly position itself as a leading European company, to accelerate its growth targets and to increase profitability in the medium term.
", were the comments of Tiberto Ruy Brandolini d'Adda, Chairman of the Supervisory Board, and Pascal Lebard, CEO of Sequana Capital.
