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Sofidel investing in Hungary

Photo: Sofidel
Photo: Sofidel
Published by
Simon Matthis - 09 Mar 2016

Italian Sofidel Group strengthens its presence on the European market by closing an important operation in Hungary. The operation includes the acquisition of new customers, the Forest brand, an overall converting production capacity of 30 thousand tonnes and a converting plant in Piszke.   The framework of the agreement also includes buying approximately 90,000 square metres of land.

The operation, made with Forest Papir Kft, involves the acquisition of new customers and the Forest brand, an overall converting production capacity of 30 thousand tonnes and a converting plant in Piszke. The framework of the agreement also includes buying approximately 90,000 square metres of land.

More specifically, Sofidel has acquired:

 - finished product sales (brand segment and private label segment);

 - the Forest brand, one of the main brands on the Hungarian market;

 - the Piszke plant (with a Futura line for toilet paper rolls) north-west of Budapest near the Slovakian border;

 - the line in the Lábatlan plant (one, Perini, for toilet paper and kitchen rolls) and the lines in the Leányvár plant (several lines, for folded product: handkerchiefs and paper napkins), and the rent of the relative plants for 3 years;

 - approximately 90 thousand square metres of land next to the Piszke production site.