OptiGroup to Sell Eastern European Paper Distribution to Antalis
OptiGroup has signed a binding agreement to sell its Central and Eastern European paper distribution business to Antalis, a KPP Group company. This divestment supports OptiGroup's strategic evolution.
OptiGroup announced today the signing of a binding agreement to sell its paper distribution operations in Central and Eastern Europe, including Switzerland and Germany, to Antalis. Antalis is a global distributor of paper, packaging, and visual communication products.
The transaction represents a strategic divestment for OptiGroup, which has been evolving from its origins in paper distribution into a broader group with diversified business areas and markets. The sale is intended to support OptiGroup's continued strategic development.
Antalis, part of the KPP Group, is expected to strengthen its market position in Europe through this acquisition. The deal signifies OptiGroup's shift towards its broader strategic objectives.