RAJA is in exclusive negotiations for a possible takeover of CENPAC
1min read
16/07/2010
RAJA, the European market leader in the B2B mail order sector for packaging materials and technology, is in exclusive negotiations with Gascogne to take over 100% of CENPAC, the mail order sector of the GASCOGNE Group.
“The takeover of CENPAC would enable RAJA to strengthen its position in the French market and follow its long-term growth strategy in Europe. It would be a unique opportunity for RAJA and CENPAC employees to accelerate the Group’s development by acquiring new markets.”
Danièle KAPEL-MARCOVICI, Managing Director of the RAJA Group
If successful, the negotiations between the two concerns will lead to the conclusion of the agreement in the coming months, following the advice of their personal representatives and subject to the approval of the Competition Authority.
A press conference on this subject will be held in the coming weeks.
About the RAJA Group
The RAJA Group is currently the European market leader in the B2B mail order business for packaging materials and equipment. 9,000 products in stock, 800 employees in 11 European countries and 12 locations (France, Belgium, Great Britain, the Netherlands, Germany, Spain, Italy, Austria, Luxembourg, the Czech Republic and Switzerland) generated a turnover of EUR 220 million for the RAJA Group in 2009. The RAJA Group was founded in 1954.
About CENPAC
With 4,000 products in stock, 400 employees and a turnover of 121 million Euros in 2009, CENPAC, a subsidiary of the Gascogne Group, is an important player in the mail order packaging business in France.
