Nov 12, 2015. /Lesprom Network/. Papyrus has finalised its previously announced acquisition of Czech paper merchant OSPAP. The transaction was completed following approval from the Czech competition authority. This acquisition is a further step in enhancing Papyrus geographical footprint in Czech Republic and Eastern Europe, as the company says in the press release received by Lesprom Network.

“Papyrus strategy is to develop leading positions in selected European markets. This acquisition will clearly help us to achieve this objective in Czech Republic. By creating a stronger position in the region, we can improve the service and portfolio offering, and create higher efficiency for both customers and Papyrus,” says Peter Sandberg, president of Papyrus.

OSPAP, has continued to operate independently since its owner PaperlinX Netherlands Holdings B.V. was placed into administration in the Netherlands. The company has a leading market position in the Czech graphical media market.

Papyrus is a leading European merchant in paper, facility supplies and industrial packaging.