Strategisk allians med Victor Stationery

oktober 25, 2006

Esselte and Victor Stationery announces a strategic alliance within paper products

The global office products player Esselte and Victor Stationery, the Belfast based family owned company, have over many years manufactured and distributed Paper products and established leading market positions in important markets such as the UK and Northern Europe.

Esselte and Victor Stationery have now signed a strategic alliance agreement with the objective to better utilise current capacities and strengthen their respective competitiveness in production, marketing and distribution of Paper products.

As a consequence of this Esselte will close the existing production facilities for Paper Pads in Sweden and move the machinery to Victor Stationery’s plants in Estonia. Victor Stationery will in addition to the standard Esselte range produce a range of value added products for Esselte. With this Esselte and Victor Stationery will serve the markets with a complete range of modern Paper Pads according to market demands, including environmentally friendly production and products holding the Nordic Swan label.

The transition will take place early 2007.

Odd Erik Woelner, Esselte’s Regional Vice President of Northern Europe, says:

“-This is a perfect strategic match. We will move our most efficient machinery to Estonia and as a result we will, with Victor Stationery, have two modern well placed factories that will serve our markets with a broad range of updated, excitingly designed and modern Paper Pads. This is a great step forward for Esselte in Northern Europe”.

Bo Nyman, Victor Stationery, confirms the perfect match “-This will give us an unique opportunity to get access to Esselte’s efficient distribution network and sales and marketing organisations in Northern Europe and it will give us a good possibility to market new and innovative value added product developed and manufactured by Victor Stationery”.

24. October 2006

For more information contact:

Odd Erik Woelner, oewoelner@esselte.com/ +47 21 61 11 11

Bo Nyman, bo.nyman@vsy.biz/ +358 400 433 537

About Victor Stationery:

Victor Stationery is a long established manufacturer and leading supplier of quality paper stationery and exercise books to the education, commercial and retail stationery markets. Over 80 years of manufacturing expertise guarantees that all our products are produced to the highest possible quality standard, using cutting edge production methods and techniques. Victor Stationery has two new and modern factories for pad, spiral and exercise book production established in Tallinn, Estonia. The two factories do today employ 130 persons. Victor Stationery's products are all made using paper exclusively from European mills.

www.victorstationery.com