Antalis completes its acquisition of Xerox' s western European office paper distribution business
Following the approval of the European competition authorities and an opinion from the relevant workers' councils, Antalis has finalised the agreement to purchase Xerox's Western European office paper distribution business.
The transaction is expected to close at the end of October.
Xerox's Western European office paper distribution business represents around €300 million in annual sales. The transaction will help Antalis strengthen its position in this segment and give it an exclusive license to market and distribute Xerox-branded paper in Western Europe. The acquisition will boost Antalis' earnings as from 2014.
Notes:
Antalis UK will issue further details of the acquisition when the transaction is fully complete.
About Antalis:
Antalis is one of the leading distributors of communication support materials in the UK and Ireland. Our market leading range of over 13,000 products includes papers, envelopes and consumables, as well as packaging, promotional and visual communication products. Antalis has 16 logistic centres across the UK and Ireland.
Antalis is the leading European distributor of paper and packaging materials, ranking #4 worldwide, with sales of 2.7 billion euros in 2012. Our 6,700 employees serve more than 230,000 print and business customers worldwide, in 45 countries. Antalis is a fully owned subsidiary of Sequana.
About Sequana:
Sequana (NYSE Euronext Paris: SEQ) is a major player in the paper industry, boasting leading positions in each of its two businesses:
- Antalis: European leader in the distribution of paper and packaging products, with over 6,000 employees based in 44 countries.
- Arjowiggins: World leader in creative and technical papers, with more than 5,000 employees.
Sequana reported sales of €3.9 billion in 2012 and employed some 11,000 people worldwide.
Issued on behalf of Antalis UK by AD Communications.
For further information, please contact:
Melanie Defries/Lucy O'Dea at AD Communications
Tel: 01372 464470
Email: mdefries@adcomms.co.uk / lodea@adcomms.co.uk
Katie Baines, Marketing Executive at Antalis UK
Tel: 01530 505048
Email: katie.baines@antalis.co.uk