Italian Antitrust Authority gives the green light to the Lucart Group for the acquisition of the Italian business of the U.S. multinational.
Lucart Group becomes the owner of 100% of the share capital of Georgia-Pacific Italy srl that in the same time changes its name into Airtissue srl. Lucart Group has also acquired the property of the two brands Tenderly and Tutto worldwide. The agreement also licensed the use of Lotus Professionaland the exclusive distribution of Demak'up products in Italy for one year. The ex Georgia-Pacific Italia srl, now Airtissue srl, has its headoffice in Genoa and two plants: one in Castelnuovo Garfagnana (LU) and the other one in Avigliano (PZ). The employees are more than 300 and the turnover
approximately amounts to 100 million Euro. Tenderly brand covers the main market segments in tissue paper that means toilet paper, napkins, handkerchiefs and towels. Tutto is a range characterized by Airlaid technology or "dry paper", that allows to obtain a product similar tofabric.
Lucart Group is one of the main European manufacturers of MG paper and tissue products (daily use products like toilet paper, kitchen towel, napkins, tablecloths, handkerchiefs etc.). After the acquisition the consolidated Lucart Group turnover will rise approximately to 450 million Euro and employees will be about 1.400.
