Sofidel Group has finalised the acquisition from SCA of the former Georgia-Pacific businesses.
The move is connected with G-P’s consumer brands in the UK, Republic of Ireland, Belgium, the Netherlands and Luxembourg.
Luigi Lazzareschi, Sofidel Group chief executive, said this was “a further move in Sofidel’s international growth strategy”.
He said: “Thanks to this acquisition 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.”
The acquisition, with effect from 1 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).