Antalis has signed a binding offer to acquire packaging solutions provider BB Pack Group, for a takeover fee that has not been disclosed. The acquisition of the group, which includes BB Pack, cr8 Packaging and Printmate, will allow Antalis to expand its footprint in the fast growing packaging market.
The offer is subject to the satisfaction of customary conditions precedent, including the approval of the German competition authority.
With a consolidated turnover of 42 million EUR in 2021, BB Pack Group is a packaging distributor specialized in the e-commerce sector offering a wide range of packaging materials, design and customized printing solutions.
«The acquisition of BB Pack will increase Packaging’s overall contribution to Antalis’ consolidated gross margin and strengthen Antalis’ position in the fast-growing packaging distribution sector» says Hervé Poncin, Chief Executive Officer of Antalis.
«Since its foundation in 1999» adds Michael Bube, Chief Executive Officer of BB Pack, «our company has grown into a recognised and highly specialised supplier of packaging concepts and solutions for the e-commerce and industrial sectors. Becoming part of the Antalis group will allow us to broaden our customer base and expand internationally».
Antalis is part of the Kokusai Pulp&Paper group, a world leader in paper, packaging and visual communication distribution based in Japan and listed on the Tokyo Stock Exchange.