Kimberly-Clark (K-C) has sold its Niederbipp tissue mill to the Queck family of entrepreneurs.
The transfer will take place on 1 May 2021; Lakana Holding, wholly owned by the Queck family, was founded to handle the takeover.
The Queck family of entrepreneurs also own Cartaseta in Gretzenbach, Switzerland, Fripa Papierfabrik Albert Friedrich in Miltenberg, Germany, and Fabryka Papieru Czerwonak in Czerwonak, Poland.
It is understood that the plant will continue to produce tissue products.
In late 2020, K-C confirmed to TWM that it was in talks with a potential buyer to sell the Swiss-based plant.
The mill manufactures private label tissue products as well as the Hakle brand of toilet paper, which will move to K-C’s Romagnano mill in northern Italy.
In 2018, K-C announced a global restructuring plan to close or sell approximately 10 manufacturing facilities and expand production capacity at several others to improve overall scale and cost.