PBS - Holding ag

PBS Holding acquires regional wholesaler

 

European office products group PBS Holding has strengthened its position in the German wholesaling channel.

The Interaction member has confirmed the acquisition of 100% of the shares of Hofmann & Zeiher (H+Z), a regional wholesaler headquartered in Pfungstadt, near Frankfurt. Financial details of the transaction were not disclosed, but the effective date of the acquisition has been backdated to 1 January 2021.

The addition of H+Z – which has annual sales of around €15 million ($18 million) – takes PBS’s revenue from the German market to around €100 million, while its three logistics centres serve more than 7,000 customers.

The origins of H+Z can be traced back to 1922, while the actual H+Z name was established in 1968 by Dietrich Zeiher. His son, Matthias, has been leading the business since 1999 and will stay on as Managing Director as the wholesaler continues life as a distinct brand under the PBS Holding umbrella.

“H+Z is a perfect addition to our PBS Deutschland business, both from a regional and a customer point of view,” PBS Holding CEO Richard Scharmann told OPI. “We will be able to share PBS’s extensive system offering among H+Z customers and give them access to our comprehensive service and product offering.”

Wels, Austria

 

Andy Braithwaite, OPI