Triton-backed OptiGroup completes bolt-ons in Romania, Finland

The acquired businesses are expected to post a combined turnover of €50m, according to OptiGroup.

In Romania, the acquisitions will grow the group's existing operations in the region. Meanwhile, the Finnish acquisitions mark OptiGroup's entry into the industrial packaging market in Finland and are seen as complementary to existing activities in the Nordic region.

Previous funding
Formerly named Papyrus, the paper business was bought in an MBO from existing listed parent Stora Enso by Triton Fund II and Altor Fund II in 2008. Headquartered in Mölndal, Sweden, the group has sales of €1.5bn and employs a staff of 1,900 in 19 countries across Europe.

Handelsbanken provided a senior debt package to support the 2008 transaction.

Company
Headquartered in Cluj-Napoca, Transylvania, Proxima Tapes manufactures and distributes adhesive and packaging tape.

Founded in 1997, Proxima Comserv is also headquartered in Cluj-Napoca, north-west Romania. It offers services and sales of industrial packaging.

Headquartered in Vantaa, Finland, Mercamer was established in 1973. It offers customers packaging services. The firm posted a turnover of €28m in 2017.

Located in Espoo and operating a warehouse in Vantaa, Telpak is a retailer in the packaging industry first established in 1908. It employs a staff of 15 and in 2016 posted a turnover of €17m.

People
OptiGroup – Christoph Sander (CEO). 

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• Topics
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