January 30 (SeeNews) - Serbian paper products manufacturer Europapier Dunav, a subsidiary of Austria's Heinzel Group, said on Monday that it bought Belgrade-based peer Hygiene Pro Team.
The acquisition allows Europapier to expand its business activities in the hygiene sector in Central and Eastern Europe, the company said in a press release.
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The value of the deal was not disclosed.
"We believe that all existing Hygiene Pro Team and Europapier Dunav customers will get a wide range of quality products, logistic services and expertise provided by professionals," said Europapier managing director, Dragan Ilic.
Hygiene Pro Team was founded in November 2013, according to the Serbian business registry.
Europapier operates at four locations in Serbia - Belgrade, Novi Sad, Cacak and Nis, with over 850 employees.