Duni acquires Paper+Design Group
Duni has acquired the Paper+Design Group from equity partner HANNOVER Finanz Group and management.
Paper+Design is a manufacturer of premium designed paper napkins and other tableware products based in the eastern part of Germany and has approximately 200 employees working in production, logistics and sales. Paper+Design has an annual turnover of approximately EUR 38 million with approximately 60% of sales coming from exports to more than eighty markets outside Germany.
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.
Duni was advised by Mannheimer Swartling in the transaction. The firm’s team was led by Claes Albinsson and Oliver Cleblad from Malmö and Frankfurt, respectively, and included Dr. Jens Engelmann-Pilger, Dr. Christina Griebeler, Annika von La Chevallerie, Ulf Lohrum, Helena Ramadori and Meike Johnsen.