The paper merchant announced on Friday (4 April) that it has signed a binding offer to acquire the group, which comprises BB Pack, cr8 Packaging, and Printmate.

The offer is subject to the satisfaction of customary conditions precedent, including the approval of the German competition authority.

Hervé Poncin, CEO of Antalis, said: “The acquisition of BB Pack will boost the overall contribution of packaging to Antalis’ consolidated gross margin and reinforces Antalis’ position in the fast-growing packaging distribution sector.”

BB Pack managing director Michael Bube added: “Since founding the business in 1999, our company has grown to be a recognised and highly specialised supplier of packaging concepts and solutions for the e-commerce and industry sectors. Joining the Antalis group will allow us to grow our customer portfolio and expand internationally.”

BB Pack Group had a consolidated turnover of €42m (£35.3m) in 2021.