Intersafe, Elacin and Vlamboog, together IEV Holding, have successfully been acquired by Lyreco. This transaction was approved by the competition authorities in the Netherlands. Together we aim to become the European leader in Personal Protection Equipment (PPE). We are convinced that this combination will bring new opportunities for both our customers and our partners.
With a group turnover of more than 2 billion Euro in 2018, Lyreco ranks amongst the first worldwide distributors of workplace supplies solutions. Since 2014, Lyreco has successfully developed its sales in the PPE market. We believe the combination of Lyreco, Intersafe, Vlamboog and Elacin will create a very strong PPE division within the group, combining our strong expertise with the market coverage and logistic expertise of Lyreco.
We are confident that our business strategy and the strength of this combination will allow us to offer our customers one of the best PPE distribution services. It is our belief that the growth opportunities will benefit our partners, who support us in providing the best possible product offering to our customers.