Gerald Judd Sales acquired Tavistock Paper from Inapa
Mar 07, 2011. napa has sold to Gerald Judd Sales Limited 100% of its operation in the UK – Tavistock Paper Sales Ltd. This transaction is in line with Inapa 2010 strategic plan, finishing the process of concentration on Inapa strategic markets.
Mar 07, 2011. /Lesprom Network/. Inapa has sold to Gerald Judd Sales Limited 100% of its operation in the UK – Tavistock Paper Sales Ltd, as the company said in a press release received by Lesprom Network.
Until September 2010, Tavistock had sales of GBP 5.5 million ($8.9 million), representing 0.9% of Inapa consolidated sales. The transaction has a positive impact of Euro 400 thousand on Inapa consolidated financial statements of the 1Q 2011.
This transaction is in line with Inapa 2010 strategic plan, finishing the process of concentration on Inapa strategic markets, the company said.
Inapa -Investimentos,Participações e Gestão, S.A. is head of Inapa Group, one of the leading european paper merchanting. Inapa Group, present in 8 countries has a leading positions in Germany, France, Switzerland, Spain and Portugal. It is present also in the UK, Belgium and Luxembourg.