6 July 2007 — Paris (FRA): Antalis has acquired Map Merchant Group, the paper merchanting division of M-real, for €382 million ($520 million).
The deal is said to further Antalis’ parent company Sequana Capital’s strategic refocus on the paper market.
Map ranks as the fourth biggest company in the European paper distribution market with turnover of €1.4 billion in 2006 and 2,400 employees. The acquisition creates the biggest European paper distribution company with annual turnover of €3.7 billion.
Antalis believes that the takeover will allow it "to enlarge its presence in Europe thanks to the largely complementary footprint of both companies" and to "hold sound leadership positions in each country where it operates".
The company is also hoping to increase its turnover by 38 percent and its sales volumes by 46 percent as well as to improve its operational efficiency and "enrich its product range thereby offering an even more efficient service to its customers".
Pascal Lebard, CEO of Sequana Capital, said: "Through this acquisition, we confirm our ambitions in the paper sector. Our strategy is to support strongly our subsidiaries’ development so that they can reinforce their leading positions in all their businesses. This acquisition enables Antalis to become a real European leader and will allow it to accelerate its growth objectives as well as its profitability in the medium term."
Pierre Darrot, Antalis CEO, said: "Thanks to Map’s strong presence in Northern Europe (Scandinavia, UK, the Netherlands), the Eastern European countries, Russia and the Ukraine, Antalis is strengthening its leadership position in the European market. It is a major asset for our future expansion and it will help us to better serve our customers. The creation of the new combined group is a major event in the industry which continues to consolidate, and is an essential step in our development."