European paper merchant Papyrus has strengthened its cleaning and hygiene distribution business with an acquisition in Finland.
The merchant’s Papyrus Supplies division has bought Finnish family-owned wholesaler Veli Mark. The acquisition brings further scale to Papyrus Supplies’ operations in Finland – the combined companies will have annual sales of around €34 million ($38.5 million) and employ almost 60 people in Finland.
Papyrus Supplies Oy will service customers nationwide and operate from five cash and carry locations in Helsinki, Tampere, Turku, Oulu and Rovaniemi.
Helsinki, Finland
