Once finalized the acquisition, Sofidel will enter the US market
Yesterday, the 5Th of July 2012, Sofidel and Cellynne Corporation announced that they have reached an agreement for the sale of the Cellynne Paper Manufacturer to the Italian group.
The agreement covers the acquisition of the shares of Cellynne Holdings Inc with manufacturing facilities in Haines City (Florida), Green Bay (Wisconsin) and Henderson (Nevada). The agreement is now going through the process of antitrust approval.
Once finalized the acquisition, Sofidel, the second largest producer in Europe of tissue will make its entry into the U.S. market.