Antalis has bought €130m in sales through acquisition
Company steps up the pace of its development in the growing packaging and visual communication distribution markets, acquiring companies representing total sales of around €130 million following its acquisition of:
- PaperlinX’s Packaging companies in the UK, representing sales of around €30 million.
- Hansapakend in Estonia, with sales of around €7 million. This transaction is subject to clearance from the Estonian anti-trust authorities. These companies generate all of their sales from the distribution of packaging products.
- PaperlinX A/S in Denmark, which generates two-thirds of its sales in packaging and one-third in visual communication, and Cadorit i Boras AB in Sweden, which operates exclusively in the visual communication market. They represent total sales of around €92 million.
These acquisitions are designed to significantly strengthen Antalis’ position in the market for the distribution of packaging products and solutions, bringing its sales close to €450 million. Antalis is significantly increasing its geographical presence operating in more than 29 countries throughout Europe and South America to serve major manufacturing industries like automotive, machine building, electronics, 3PL distribution, e-commerce business and platforms with custom made solutions and services. This international network will now allow Antalis to serve large international accounts on a pan-European level.
This development in the high-potential markets for the distribution of packaging products and visual communication media is consistent with Antalis’ strategy of making these segments the second pillar of its overall business model, alongside paper distribution. In 2014, these two businesses represented 12 per cent and 6 per cent of Antalis’ sales, respectively, and their growing contribution to the company’s gross margin amounts to 33 per cent.
Commenting on these acquisitions, Hervé Poncin, Chief Operating Officer of Antalis and Executive Vice President of Sequana, said: “By boosting our presence on the European market for the distribution of packaging products and visual communication media, where Antalis is a key player, we are confirming our growth strategy in these high-potential sectors. Consolidating our position allows us to serve our customers more effectively and to step up our growth in Europe. These profitable companies will have a positive impact on Antalis’ earnings as from 2015.”
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