Papyrus is exploring strategic alternatives for its French business unit, including a possible divestiture. In that context, Papyrus is in discussions with Inapa regarding a possible sale of Papyrus France to Inapa.
As part of these discussions, Papyrus and Inapa have entered into a non-binding letter of intent and, at the request of the French merger authority, authorized an early market test of a potential transaction.
Papyrus is a leading European merchant in paper, facility supplies and industrial packaging.
