Papyrus AB has completed its previously announced acquisition of 100% of the shares in Procurator AB. The transaction was completed after approval of the Swedish Competition Authority. At the same time, RoosGruppen AB has become a shareholder in Papyrus together with private equity groups Altor Fund II and Triton Fund II. The purchase price has not been disclosed.

The Malmö based full-service distributor of personal protection equipment and cleaning & hygiene supplies has operations in Sweden, Denmark, Norway, Finland and Estonia, and had revenues of approximately Euro 120 million in 2015.

"With the addition of Procurator, we bring a stronger offering to our customers in the Nordics and Baltics. I look forward to working closely with Procurator's CEO Zdenko Topolovec to integrate and further develop our businesses," says Sören Gaardboe, Chief Operating Officer Northern Region at Papyrus.

Papyrus is a leading business-to-business distributor 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.