Duni has acquired 100% of the shares in the Paper+Design Group. Paper+Design has
a strong position in the premium segment for designed napkins primarily within
the consumer market segment. The products are mainly sold through specialized
retailers in Germany as well as in numerous other geographic markets.
Paper+Design is based in the eastern part of Germany and has approximately 200
employees working in production, logistics and sales at the site in Wolkenstein.
The product portfolio consists mainly of own manufactured designed paper napkins
which are sold to consumers through specialized retailers such as stationery
stores, garden centers, florists and home furnishings stores. Approximately 60%
of sales are exported to more than eighty markets outside Germany.
Paper+Design has an annual turnover of approximately EUR 38 million. The Group
consists of four companies which will be accounted for in the Duni Group's
business area Consumer. The operating margin of approximately 20% will
contribute positively to the profitability of the business area.
Purchase of shares and refinancing of the business will affect Duni’s net debt
with approximately 63 MEUR. This is covered within the existing loan agreement.
"This is an acquisition that both complements and strengthens Duni’s range of
offerings. With its great expertise in design, Paper+Design creates new
opportunities both in the grocery retail trade as well as within specialized
retailers, in Germany as well as other geographic markets," says Thomas
Gustafsson, President and CEO of Duni.
“After four years of trustful cooperation with Paper+Design Group it is
satisfying to have found a strong strategic partner for the company. From the
very first day of our investment in Paper+Design we were convinced of the design
competence, the flexibility and the passion of the employees. We are sure that
Duni values these strengths and will give Paper+Design the opportunity for
further strategic growth," says Goetz Hertz-Eichenrode, member of the board at
the equity capital partner HANNOVER Finanz Group.
"To us it is good news that Duni acquires Paper+Design," says Thomas Hübner,
Managing Director of Paper+Design Group. "Both companies are in the same
industry nevertheless the main customer target groups are different. This means
a great opportunity for further development for both, Duni as well as
For more information, please contact:
Thomas Gustafsson, President and CEO, tel. +46 40 – 10 64 75
Mats Lindroth, CFO, tel. +46 40 – 10 64 75
Duni is a leading supplier of attractive and convenient products for table
setting and take-away. The Duni brand is sold in more than 40 markets and enjoys
a number one position in Central and Northern Europe. Duni has some 1,900
employees in 18 countries, headquarters in Malmö and production units in Sweden,
Germany and Poland. Duni is listed on NASDAQ OMX Stockholm under the ticker name
“DUNI”. ISIN-code is SE 0000616716.
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