Consumables
Europapier continues its acquisition trail in Hygiene & Packaging
Wednesday 09. March 2022 - Europapier International AG, a subsidiary of HEINZEL GROUP, signed an agreement to acquire 100% of the shares of AtWill s.r.o. with business in Czech Republic and Slovakia. AtWill focuses on the sale of cash register discs for retail and industrial packaging applications.
Leading paper merchant in Central & Eastern Europe executes diversification strategy
For the last few years, leading paper merchant Europapier has been expanding into new markets and business areas to meet the ever-changing needs of customers in Central and Eastern Europe. From more than 60 warehouses in 13 CEE & CIS countries Europapier serves customers with a product portfolio containing more than 50.000 items across business segments like printing & writing, packaging, design & special papers, digital papers, visual communication, packaging solutions and hygiene products.
The latest acquisition of AtWill fits into the strategy of actively acquiring companies located in CEE & CIS operating in the hygiene and packaging sectors. In the 4th quarter of 2021 Europapier also completed the acquisition of others assets, including the entire customer and supplier lists as well as the inventory of Saneco d.o.o. in Slovenia and Kikoshop s.r.o. in Slovakia. Both companies are specialists in the sale and distribution of hygiene and food packaging products.
Commenting on the acquisitions, Helmut Limbeck, Chief Executive Officer of Europapier, said: “Todays announcement of the acquisition of AtWill fits well with the acquisitions we made last year and confirms Europapiers strategy to complement our ambition for organic growth in the area of Hygiene and Packaging.”