CMS advises Papyrus on acquisition of OSPAP
19.11.2015Company: CMS
Law firm CMS has advised Papyrus on the acquisition of Czech paper merchant OSPAP a.s. from PaperlinX Netherlands Holdings B.V. The acquisition is part of Papyrus’ strategy to grow the business in paper, visual communication and packaging distribution in selected European markets.
The transaction was signed on 16 September and obtained merger clearance from the Czech Office for the Protection of Competition (ÚOHS) on 11 November.
CMS advised Papyrus on all legal aspects of the transaction including the due diligence, transaction documentation and merger clearance. The CMS team was led by Barbora Dubanská, supported by junior associates Andrea Červenková and Pavel Dřímal. They worked closely with Marc van Zanten and Martika Jonk, both partners at CMS Amsterdam.
Papyrus, with net sales of EUR 1,567 million in 2014, is an important European merchant in paper, facility supplies and industrial packaging. The company is currently present in 20 countries across Europe and employs some 1,900 people. The Papyrus head office is located in Gothenburg, Sweden.
