Japan Pulp & Paper Acquires Inapa's German Business Operations

Japan Pulp & Paper Acquires Inapa's German Business Operations

18 Oct, 2024

Japan Pulp & Paper (JPP) has successfully taken over Inapa’s insolvent German subsidiaries, including Inapa Deutschland, Inapa ComPlott, and Inapa Packaging. The takeover agreement was signed on October 11, and the integration process is set to commence on December 1, 2024. Inapa Deutschland expressed gratitude towards its loyal customers, suppliers, and employees during this transition.

Through this acquisition, JPP, which previously expanded its portfolio by acquiring Premier Paper Group in 2019, aims to secure jobs for many employees. This move also ensures that Inapa’s customers continue to receive proven products and services without interruption. Insolvency administrator Dr. Tjark Thies, who managed the M&A transaction in collaboration with Roland Berger, emphasized the success of the rapid takeover, commending the management team at Inapa Germany for their outstanding performance during challenging times.

Inapa Deutschland’s managing directors, Thomas Schimanowski and Martin Tewes, expressed their optimism about the deal with JPP, highlighting the potential for synergy effects that would significantly enhance the company’s standing in the German market. According to reports from EUWID Pulp and Paper, JPP is focusing on expanding its market share in Europe and plans to establish two wholly-owned companies in Germany. OVOL Papier Deutschland will oversee Inapa Deutschland’s operations, while OVOL C&P Deutschland will manage Inapa Packaging and Inapa ComPlott.

Additionally, Bruno da Costa Pereira was appointed as the administrator of the Portuguese parent group Inapa IPG, which filed for insolvency this summer due to cash flow issues. Separately, Inapa IPG confirmed the sale of Inapa Packaging to Next Pack for €20 million, which includes subsidiaries SEMAQ and Embaltec. Inapa, founded in 1965, has a history of restructuring, including the sale of its UK-based subsidiary, Tavistock Paper, to Gerald Judd in 2011.

 


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