Through this move Sofidel further strengthens its competitiveness in the UK, Republic of Ireland, Belgium, the Netherlands and Luxembourg.
The tissue paper producer Sofidel Group is pleased to announce 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).
“A further move in Sofidel’s international growth strategy” said Luigi Lazzareschi, Sofidel Group CEO. “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”.