Acquisition grows Antalis’ presence in packaging
Published: 4 April 2022 | No comments yet
Antalis has signed a binding offer to acquire BB Pack Group in Germany – BB Pack, cr8 Packaging and Printmate – allowing Antalis to expand its footprint in the fast growing packaging market.
The offer is subject to the satisfaction of customary conditions precedent, including the approval of the German competition authority.
With a consolidated turnover of €42 million in 2021, BB Pack Group is a packaging distributor specialised in the e-commerce sector offering a wide range of packaging materials, design and customised printing solutions.
Commenting on this transaction, Hervé Poncin, chief executive officer of Antalis, said, ‘The acquisition of BB Pack will boost the overall contribution of packaging to Antalis’ consolidated gross margin and reinforces Antalis’ position in the fast growing packaging distribution sector.’
‘Since founding the business in 1999, our company has grown to be a recognised and highly specialised supplier of packaging concepts and solutions for the e-commerce and industry sectors. Joining the Antalis group will allow us to grow our customer portfolio and expand internationally,’ added Michael Bube, BB Pack managing director.