The tissue paper producer Sofidel Group announces that, after waiting for the green light from the European Commission, has finalized the acquisition from SCA of the former Georgia-Pacific businesses which are connected with consumer brands in the UK, Republic of Ireland, Belgium, the Netherlands and Luxembourg.
The acquisition, with effect from 1st of April 2013, encompasses:
- Well-known consumer brands (toilet paper and household towel) in UK and Republic of Ireland markets: Thirst Pockets, Kitten Soft, Inversoft and Nouvelle.
-The licensing for marketing other important brands in the same line of business in Belgium, the Netherlands and Luxemburg: Lotus and Lotus Moltonel.
-Production capacity at the Horwich plant (a converting plant), between Liverpool and Manchester, North West England (UK).
Luigi Lazzareschi, Sofidel Group CEO, said: “Thanks to this acquisition – Mr Lazzareschi added – the Sofidel Group further strengthens its competitiveness in UK, Republic of Ireland, Belgium, the Netherlands and Luxembourg, countries where the brands traditionally represent a very significant asset”.
