Lecta Group announces the completion of a comprehensive recapitalisation transaction (the as initially announced on 2 January 2026.
The Recapitalisation was implemented via the transfer of Lecta Paper Industries Intermediate Financing Sàrl to a newly incorporated UK company.
The Recapitalisation marks an important step in the Group’s transformation efforts to be strongly positioned in the present market environment and will result in, among other things:
• Completion of the Group’s Corporate Reorganisation into independently managed and financed business units (Specialties BU, Fine Paper and Distribution BU and SelfAdhesives BU), with creditors to each business area having no recourse to each other business area, catering to the different business profiles and allowing for the implementation of bespoke strategies;
• Material reduction in outstanding debt balances and cash interest payments and resulting improvement in cash flow generation across all business units; and
• Significant enhancement of the Group’s liquidity position to (i) facilitate a holistic operational transformation of the Specialties business unit and (ii) fund its working capital requirements.
The Group’s independent business units will be rebranded an update on which will be provided in due course.
Lecta Chairman Javier Abad Marturet said:
“We are very pleased that Lecta has achieved very robust support from its financial stakeholders to implement the Recapitalisation that is closed today. After this milestone, each business unit is financially solid and has a fully funded business plan.”
Lecta CEO Gilles Van Nieuwenhuyzen said:
“I am very pleased with the successful completion of the recapitalisation and the strong support of our key financial stakeholders. The business unit organisation will allow us to be more agile in our decision making, to compete more effectively, to be closer to our customers and our suppliers.”
