Antalis has made a binding offer to Xerox to acquire the company’s office paper distribution business in Western Europe, along with the exclusive rights to market and distribute Xerox branded paper and digital print media in Western Europe. The acquisition, which is subject to the approval of the European competition authorities, should be finalised early in the fourth quarter of 2013. Usual HR procedures with the workers councils have started.
Xerox’s office paper business employs about 280 people in 16 countries. It has annual sales of around 300 million euros and volumes representing 280,000 tonnes of paper.
The acquisition will enable Antalis to:
- strengthen its positions on the office paper market in Western Europe;
- offer an even greater choice to its customers, with complementary product ranges and Xerox’s highly renowned global brand;
- expand its customer base and gain access to new sales networks, namely Xerox’s resellers;
- strengthen its strategic partnerships with its suppliers;
- bring new skills into the group;
- improve profitability and operating efficiency, particularly across the supply chain by maximising storage capacities.
According to Pascal Lebard, Chief Executive Officer of Sequana and of Antalis: “Playing an active role in the consolidation of the office paper distribution market will give Antalis critical mass in this segment and double both its volumes and sales. This acquisition in a competitive market where size is key will allow Antalis to strengthen its legacy business, maximise cash flow generation and improve profitabilityâ€.
Hervé Poncin, Chief Operating Officer of Antalis, said “Thanks to this acquisition, Antalis will add a global-renowned brand in the office and digital printing markets to its offer. Strengthening our presence in Western Europe is key to continue our development not only in our core markets but also in emerging countries and in the Packaging and Visual Communication sectorsâ€.
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