Announced
Financials
Sources
Tags
France
Containers and Packaging
Acquisition
Majority
Single Bidder
Pending
Public
paper and packaging
Friendly
Private Equity
Cross Border
Synopsis
Kokusai Pulp & Paper, a paper distributor, agreed to acquire 83.7% stake in Antalis, a provider of paper, packaging, and visual communication solutions, from Sequana, a paper manufacturer, and Bpifrance, a French investment bank, for $392m. “Antalis’ Board of Directors has favourably welcomed KPP's backing which should enable the Company to have a long-term shareholder that will support its future development. This combination, moreover with a distribution company, puts an end to the search for a new shareholder for Antalis,” Pascal Lebard, Antalis Chairman of the Board.
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