Displaying items by tag: inapa

German antitrust authorities have finalized their analysis and cleared the acquisition.  Inapa will become the leading paper distribution group in Western Europe after the transaction, expected to be completed within 30 days.

German antitrust authorities have completed the verification of the sale of Papyrus Deutschland GmbH & Co. KG (Papyrus) to the Inapa Group (Inapa). Inapa, which is already active on the paper wholesale market in Germany through its subsidiary Papier Union GmbH (Papier Union), taking over the shares previously held by OptiGroup.

2015 06 15 080407On October 24, 2018, Inapa and Optigroup signed a binding agreement to combine their respective paper distribution operations in Germany, Papyrus and Papier Union, creating a stronger paper merchant in the German market. At this point, all conditions of the share purchase agreement have been met and it is expected that the closing of the transaction will happen in the next 30 days.

By joining the two operations, Inapa Group will optimize synergies and complement the activity carried out by Papyrus, which had a turnover of 569 million euros in 2018, with its German subsidiary, Papier Union, which had a turnover of 380 million euros.

‘Of course we are pleased about the approval of the antitrust authorities, as the period of uncertainty is over. This transaction is a milestone for Inapa Group, due to its size and synergies potential. The closing of the transaction is planned to be quick, so that we can begin to shape the future, with a close cooperation between Papyrus and Papier Union’ states the Group CEO, Diogo Rezende.

‘This transaction is a milestone and will further strengthen the position of Inapa, growing the Group’s topline in more than 50% and becoming the leading Western European paper merchant. The Group will have a leading position in Germany, France and Portugal. Optigroup investment in the convertible bonds that it will be issued by Inapa, clearly shows that they also believe in the value creation potential of this transaction’’ comments Diogo Rezende.

About Inapa Group

Founded in 1965, the Inapa Group occupies a position of reference in the European paper distribution market and holds prominent positions in the  distribution of packaging and visual communication, with annual sales of 860 million euros. It is the only Portuguese multinational company listed in the paper distribution sector in Europe.

With a team of 1350 employees, the Inapa Group operates in 10 countries - Germany, France, Spain, Portugal, Belgium, Luxembourg, Austria, the Netherlands, Turkey and Angola.

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Inapa, the only company listed in the paper merchant sector in Europe, concluded the acquisition of the French operation of Papyrus, announced in September of this year, and divested of its operation in Switzerland.

2015 06 15 080407Market trends in the paper distribution industry call for the need of consolidation. Inapa is having an active and leading role in such process with the transaction now announced in France and Switzerland. With the acquisition of Papyrus France, dedicated to the paper distribution for the graphic and office sector, Inapa reinforces its presence in the French market, which is currently one of the countries that most contributes to its turnover.

“This is a very important step in our strategy. France currently accounts for 25% of the Group's turnover and, with this acquisition, it will represent approximately 35%, allowing the operation to strengthen its leadership position in the local market” states the CEO, Diogo Rezende.

Last year, in France, Papyrus had a turnover of 156 million euros and Inapa of 165 million euros. "The combination of these two companies will accelerate our Group’s growth strategy, enabling us to improve our level of efficiency and customer service, now that we will have a strong position in the efficiency scale. We are thrilled to welcome all employees, customers and suppliers of Papyrus France and excited with our future together", explains Diogo Rezende.

At the same time, Inapa has decided to sell its operation in Switzerland (Inapa Schweiz) to Papyrus Group. "We believe that Papyrus's growth strategy in Switzerland will provide a strong and stable future for both companies, benefiting customers, with a better service, and employees, with a stronger and sustainable business. I would like to convey our gratitude towards all employees and customers of Inapa Schweiz" adds Diogo Rezende. Inapa Switzerland in 2015 had a turnover of 52 million euros.

These transactions are part of Inapa Group's strategic plan for 2016-18, allowing it to continue its strategy to improve paper business’ efficiency. With these transactions, Inapa expects to increase its turnover, strengthen its position in one of the largest European markets in France, and benefit from the efficiency of scale. They are also fully aligned with the strategic vector of improving the Group sustainability, as the transactions are done without additional debt.

About Inapa Group

Inapa has changed a lot since its foundation, in 1965, as the first Portuguese paper mill. Over the years, the focus and business strategy changed and the geographical boundaries of the Group expanded. In 2000, Inapa has gone from being a national paper producer to be an international group operating in the paper distribution and in two areas of complementary business: packaging and visual communication.

With a team of 1400 employees, the Inapa Group is currently present in 8 countries - Germany, France, Spain,  Portugal,  Belgium, Luxembourg,  Turkey  and Angola  - serving more  than  70,000 customers.

Inapa - Investimentos, Participações e Gestão, SA is the company that consolidates the Group's operating companies that operate in the sectors of paper, packaging and visual communication.

The Group has nowadays an important position in the European market of paper distribution, with annual sales of approximately 900 million euros, and is the only Portuguese company listed on the stock exchange in the paper distribution in Europe.

About Papyrus Group

With net sales of EUR 1.5 billion in 2015, Papyrus is a leading business-to-business distributer of business essentials and provides more than 65,000 customers across 19 countries in Europe with Printing & Creative solutions, Facility solutions, and Industrial packaging solutions. www.papyrus.com.

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Friday, 31 July 2015 08:59

Diogo Rezende appointed as Inapa CEO

2015 06 15 080407The Board of Directors coopted Mr. Diogo Mendes Bastos Rezende as member of the Board for the current three-year term, appointing him also as Chief Executive Officer of INAPA.

Graduated in Economics from Nova University in Lisbon, completed in 1992 an MBA in INSEAD (Fontainebleau, France). Between 2004 and 2014, Diogo Rezende was the CEO of Ford Lusitana (Portugal), where he led its transformation on a rapidly changing environment.

Currently, he is an Assistant Professor Adjunct of Applied Entrepreneurship in the Masters Program at the New School of Business Economics, and a member of its Advisory Board, advising additionally several companies in their developing, growth and restructuring phases.

About Inapa Group
Inapa is one of the leading paper merchants in Europe, with annual sales above 900 million Euros. Established in 1965, Inapa is the only listed company in the paper distribution sector in Europe.

With a team of 1500 employees, Inapa Group operates in 9 countries – Germany, France, Spain, Portugal, Switzerland, Belgium, Luxembourg, Turkey and Angola – holding a leading position in all these markets.

Diogo Rezende
Graduated in economics from Nova University in Lisbon, Portugal, and in 1992 completed an MBA in INSEAD (Fontainebleau, France).

He began his career in 1989 in MDM Sociedade de Investimentos, working in the departments of mergers and acquisitions and corporate finance. Later he worked as a strategic consultant in ESFI – Estratégia e Finança.

Between 1992 and 1998, he worked for Ford Lusitana (Portugal), where he was marketing director and sales director. Between 1996 and 1998 he was Assistance Professor Adjunct of Marketing in the Undergraduate Program at the Nova School of Business and Economics.

Between 1998 and 2003, he was the CEO of Chrysler Jeep in Portugal, a company with Spanish and Mexican shareholders, having started from scratch the operation. During this period he had on- going business relationships with Spain, USA and Belgium.

Between 2004 and 2014, he was the CEO of Ford Lusitana (Portugal), where he led its transformation on a rapidly changing environment.

Since 2013, he is an Assistant Professor Adjunct of Applied Entrepreneurship in the Masters Program at the New School of Business Economics, and a member of its Advisory Board, since 2011.

Foradditional information: InapaIPG

FernandoRente This email address is being protected from spambots. You need JavaScript enabled to view it.

+351213 823007 www.inapa.pt

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Monday, 15 June 2015 08:02

Legal Claim Against Sappi

2015 06 15 080407Inapa informs that its subsidiary, Inapa Spain, has entered with a legal claim in the Madrid court against Sappi Europe Iberica and Sappi Europe due to a breach of the exclusive distribution contract regarding Magno brand.

Sappi Europe has abruptly ceased their contract obligations with Inapa Spain without the usual prior notice and a mutual agreement about legal compensation.

About Inapa Spain:

Inapa Spain is a fully owned subsidiary of Inapa, one of the largest European merchant groups in the paper sector. Inapa Spain is one of the national market leaders, serving more than 6.000 customers through its 4 offices/warehouses, with 25,000m2 of storage area.

For additional information: Inapa IPG
Fernando Rente This email address is being protected from spambots. You need JavaScript enabled to view it.
213 823 007 www.inapa.pt

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Inapa, one of the leading paper merchants in Europe, launched today a new brand song, the first element of an audio branding project developed with the sound agency Índigo to celebrate the 50th anniversary of this Portuguese company founded in 1965.

To get a more authentic outcome, this “sonic identity” was created based on real sounds from Inapa operations. The technical team recorded dozens of sounds sourced directly from the company’s machines and equipment, like paper cutting machines, forklifts, warehouse robots, printers and packaging machineries, among others. These sounds were used as the pulse of the brand song, being its rhythmic basis. For the final output, the teams were invited to participate providing the voices and instrumental talent to the brand song.

2015 04 21 165845

To achieve this result, the project started with the creation of a task force with team members from the different countries where Inapa operates. The goal was to guarantee the representation of different cultural visions in order to get to a solid sound approach  able to illustrate  Inapa’s values: client intimacy, commitment, excellence, leadership and sustainability.

In the second phase we analyzed different types of sounds and sound moods to evaluate how they represented the core values, reducing the aesthetical bias of music evaluation.

As the Group is in different geographies that speak several languages, the sonic identity has no lyrics but has a human element that reinforced the importance of people, team work, intimacy and commitment.

“Our activity is directly linked to our senses – textures, odors and vibrant colors – and the sound is an extension, connecting our teams at an emotional level, wherever they are”, states José Morgado, CEO of Inapa Group. “This project was an additional motivation to think about our positioning and core values and how we wanted to translate them into sound. In our 50th anniversary this is our way to honor the past, celebrate the present and, especially, inspire the future”.

Credits:

  • Project Management – Hugo Rua, Fernando Rente, Manuel Faria;
  • Production Manager – Manuel Faria;
  • Composition – José H. Afonso;
  • Sound Technician – Miguel Lima;

About Inapa Group
Inapa is one of the leading paper merchants in Europe, with annual sales above 900 million Euros. Established in 1965, Inapa is the only paper and pulp Portuguese company with multinational operations being also the only listed company in the paper distribution sector in Europe.

With a team of 1500 employees, Inapa Group operates in 9 countries – Germany, France, Spain, Portugal, Switzerland, Belgium, Luxembourg, Turkey and Angola – holding a leading position in all these markets.

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