OptiGroup AB has completed its previously announced acquisition of 100% of the shares of Pac-Production Sweden AB. The transaction was completed following the approval by the Swedish Competition Authority. The purchase price has not been disclosed.
Pac, with revenues of approximately EUR 60 million, is a leading Scandinavian distributor of catering and non-food products to the hotel, catering and facility management segments.
"We welcome all the employees, customers and suppliers of Pac to the OptiGroup. We look forward to build upon the success of Pac in providing a broad range of food service products to its customers," says Christoph Sander, CEO of OptiGroup.
"Pac has over the years grown and developed together with many demanding customers. Through becoming part of the OptiGroup, while maintaining the unique Pac identity, we will have fantastic opportunities to increase and improve our offering to all our customers," says Magnus Karlsson, CEO of Pac.