Antalis sells office supplies business in Iberia to Lyreco and its 50% stake in Chilean office supplies business to partner Lapiz Lopez
November 29, 2010
– Antalis, Sequana’s specialized distribution business, has signed an agreement with Lyreco regarding the sale of Antalis Office Supplies (paper, filing, writing and hygiene products, etc.) in Iberia. The Group has also sold its 50% stake in the Chilean firm Ofimarket (office supplies) to its partner, Lapiz Lopez.
The sale of Antalis Office Supplies in Iberia will be effective in early 2011, after submitting the transaction to the local competition authorities.
These businesses represent around € 90 million in sales. The enterprise value of these transactions totals €26 million.
Antalis’ external growth drive continues apace, with the company’s acquisition of Macron, a German distributor of large-format digital printing materials for the visual communication industry, a fragmented and fast-growing market.
With the disposals of Antalis Office Supplies and Ofimarket, Antalis does not operate anymore in the Office Supplies market and continues strengthening its leadership in paper distribution (Print, Office) and in high-growth markets such as packaging and visual communication.