Antalis has signed a binding agreement to sell Antalis South Africa PTY LTD and Antalis Botswana PTY LTD to the local management team for an enterprise value of approximately Euro 8 million.
These businesses are present mainly in the Papers sector. They reported sales of Euro 71 million in 2017 and employ around 320 people.
The operation is subject to the authorisation of the local competition authorities and should be finalised during the summer.
Antalis is the leader in B2B distribution of Papers (number 1 worldwide outside the United States) and industrial Packaging, and number two in the distribution of Visual Communication media in Europe.