The WEPA Group has signed a contract to acquire all shares in UK-based Northwood & WEPA (N&W).
Since 2013, WEPA and Northwood previously both had a 50% share in the N&W joint venture.
Completion of the acquisition is planned for 5 July 2018. The contracting parties will not disclose the purchase price.
N&W’s Bridgend-based site has 230 staff and produces rolled products (toilet paper and kitchen towels) for the British consumer market.
It has one paper machine with a capacity of 52,00tpy and a converting capacity of 80,000tpy.
Martin Krengel, chief executive of the WEPA Group, said: “The company has demonstrated its hygiene paper expertise in the UK consumer market.
“With the acquisition of all shares and with our outstanding team, the WEPA Group takes the opportunity to work even more intensively in the UK to generate further growth.
“With a total of 12 factories we are logistically very well positioned and can supply our customers with the usual reliability and quality.”
The WEPA Group is one of the three largest suppliers in the European tissue market, with 3,800 employees and a turnover of around € 1.2bn following the transaction.
The company added the acquisition will further increase its presence in the European private label market.
Paul Fecher, chairman of the Northwood Companies, said: “The transaction gives our leadership team and the whole Northwood family of companies the opportunity to accelerate our continued growth.
“Northwood is one of the UK’s leading independent manufacturer and suppliers in the AfH and hygienic tissue sector.
“Following the recent, significant multi-million-pound investment programme in state of the art plant and machinery, Northwood has created a platform that will facilitate further intensive growth.”
Northwood Hygiene Products has tissue paper mills and converting sites across seven different UK locations include recycling, tissue making/sourcing, converting and logistics.
It employs over 450 people and has sales of ca£250m.