OptiGroup announces further investments in the Industrial & Safety Solutions business segment

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OptiGroup today announces further acquisitions in the business segment Industrial & Safety Solutions in Romania and Finland. In total, the acquired businesses will add approximately EUR 50 million in sales to this fast developing part of the Group.

Proxima Tapes and Proxima Comserv are engaged in the service and sale of industrial packaging mainly in the North Western region of Romania. The acquisition of the two companies will add to OptiGroup’s existing packaging business in Romania, which has shown strong organic growth in recent years.

Mercamer and Telpak are full service packaging distributors with a wide range of industrial packaging products, services and equipment. The transactions, which are subject to approval by the Finnish Competition Authority, are expected to be completed in February. The acquisitions would represent OptiGroup’s first entry into the industrial packaging market in Finland, and will be complementary to the existing activities in the Nordic region.

Commenting on the expansion, Christoph Sander, Chairman and CEO of OptiGroup said :

"This is an important development for OptiGroup, and reinforces our ambition to expand our Industrial & Safety Solutions business segment, both organically and through acquisitions. By adding these businesses to our existing Industrial & Safety Solutions businesses in the Nordics and other countries, we will see a significant increase of our size in this growing and attractive business segment."

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