Schneidershne is the fifth-largest paper merchant in Europe, with sales of 768m from 1.1m tonnes of paper and board in 2004, and the deal will more than double the size of Papyrus.
Despite the purchase, Papyrus president Mats Nordlander said: "The situation remains the same, and it's not our aim to come back into the UK."
PaperlinX regional president for the UK and Ireland, Martin Fothergill, remained cautious over the acquisition. "The purchase is a big step which expands their operations, whereas the other deals were just strengthening their position," he said.
Fothergill said he would be interested to know what Papyrus' end goal was, given its recent acquisitive spree.
Papyrus acquired the merchanting operations of Papeteries de France in March this year, and Scaldia Paper last year.
Papyrus employs 1,330 staff across 23 operations in Europe, with sales of 514m.
Story by Andy Scott
Are you looking to upgrade to UV LED technology?
Learn why Grafiche Antiga chose GEW’s LeoLED curing system when they upgraded their sheetfed press.
Have your say in the Printweek Poll
Related stories
Latest comments
"Daisy Duke
19 hours ago
The end of an era. I was at Broadprint in the early 90’s and we produced literally millions of dm packs for them. The great Roger Rushton was the sales director for Readers...."
"When I was at print college in Gloucester, in the mid seventies, we had a group visit to Hazel Watson and Viney in Aylesbury. It was printing the readers digest. The machine was absolutely huge and..."
"The end of an era. I was at Broadprint in the early 90’s and we produced literally millions of dm packs for them. The great Roger Rushton was the sales director for Readers. Great memories but times..."
Up next...
Former Zaikio colleagues unite
New industry SaaS company CoCoCo launches
Final decision in the summer
US authorities could slap duties on $100m of plate imports
Software manufacturer outlines plans
OneVision to host Stations first at Drupa
Commercial printers are target market