Kokusai Pulp & Paper to acquire 83.7% stake in Antalis from Sequana and Bpifrance for $392m.

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.