Japan Pulp and Paper Company Limited
  • About OVOL
    About OVOL
    • OVOL Brand & Corporate Philosophy
    • About Us
    • Group Profile Video
  • About Us
    About Us
    • Message from the President
    • Corporate Philosophy
    • Corporate Profile
    • Directors & Senior Management
    • History
    • Organizational Structure
    • Office Locations
    • Group Profile Video
    • OVOL Vision 2030
    • Medium-term Business Plan 2026
    • Integrated Report
  • Our Business
    Our
    Business
    • Japan Wholesaling
    • Non-Japan Wholesaling
    • Paper Manufacturing & Processing
    • Group Companies
    • Raw Materials & Environment
    • Real Estate Leasing
    • ICT System Development
  • News
  • Sustainability
    Sustainability
    • Sustainable Management
    • Environment
    • Society
    • Employees
    • Governance
    • ESG Data
    • Various Policies
  • Investor Relations
    Investor
    Relations
    • Message from the President
    • Stock Information
    • Stock Quotes
    • Credit Ratings
    • Financial Highlights
    • Financial Results
    • Integrated Report
    • Approach to Cross-Shareholdings
  • ENG
  • JPN
  • Home
  • News
  • Acquisition of Shares in EFP-Chavassieu in France

News Release

  • The information provided herein was current at the time of its announcement.
    Please note that this information may be subject to change without notice.
  • 2024.01.09
  • Japan Pulp & Paper Co., Ltd.

Acquisition of Shares in EFP-Chavassieu in France

Japan Pulp & Paper Co., Ltd. (Head Office: Tokyo, Japan; Representative Director President & CEO: Akihiko Watanabe; hereinafter “the Company”) hereby announces that Gould Paper Corporation (Head Office: New York, USA; Managing Director: Michael Trachtenberg; hereinafter “Gould”), a consolidated subsidiary of the Company, has acquired shares in EFP-Chavassieu (Head Office: Paris, France; hereinafter “EFP”), a paper, paperboard and non-woven fabric distributor in France, through its OVOL Holdings France.

1. Background and Purpose

One of the policies of the Non-Japan Wholesaling segment in Medium-term Business Plan 2023 is to strengthen the sales structure by incorporating complementary M&A into the existing global network, and this acquisition of shares is in line with that policy.
The details are as follows.

2. Overview of the Transferor of Shares

Name EFP-Chavassieu
Head Office Location Neuilly-Sur-Seine, France (in the suburbs of Paris)
Representative Michael Kihlgren
Business Outline Sale of paper, paperboard and non-woven fabric

3. Overview of the Acquirer of Shares

Name Gould Paper Corporation
Head Office Location New York, USA
Representative Michael Trachtenberg
Business Outline Wholesale of paper and paperboard

EFP handles printing, communication, packaging and industrial paper mainly in the French market. With this acquisition of shares, the OVOL Japan Pulp & Paper Group will organically leverage EFP’s strong relationships with European suppliers and the OVOL Japan Pulp & Paper Group network, including Gould Papiers France (Head Office: Paris, France) and Japan Pulp & Paper GmbH (Head Office: Düsseldorf, Germany), to expand and diversify its business in the European market.

For inquiries regarding this matter, please contact:
The Japan Pulp & Paper Co., Ltd. Public Relations Office on +81-3-5548-4026

Back to index
  • All
  • News Release
  • Information
  • IR News
  • Privacy Policy
  • GDPR Privacy Policy
  • Cookie Policy
  • Terms of Use
  • Accessibility
  • Site Map
© Japan Pulp & Paper Co., Ltd.
Japan Pulp and Paper Company Limited
About OVOL
About Us
Our Business
News
Sustainability
Investor Relations
Contact Us
  • ENG
  • JPN
Japan Pulp and Paper Company Limited