Romania’s Pehart Group has been acquired by Baltics-based private equity fund INVL Baltic Sea Growth Fund.
The transaction with current owners Abris Capital Partners is expected to be completed in the first quarter of 2025, subject to regulatory approvals.
With a 187-year tradition, Pehart Group is one of the largest tissue paper producers in South-East Europe, present with its household and industrial products in 19 countries.
It produces toilet paper, paper towels, napkins, and other hygiene paper products, as well jumbo rolls.
The purchase includes the company’s Pufina brand of tissue paper products, as well as Alint, Altessa, and company’s AfH brand division – SOVIO.
In 2023, the Pehart Group generated revenues of €168m.
Gabriel Stanciu, Chief Executive Pehart Group, said: “In continuing the development strategy of our company, we are looking forward to this new partnership with INVL Baltic Sea Growth Fund.
“Pehart Group, a Romanian brand with a lasting tradition and a history strongly linked to the beginning of consumer paper processing in Romania, had a remarkable evolution in the past years alongside a valued partner on this journey, and for that we thank Abris Capital Partners.
“We are ready to leverage the growth opportunities and enhance our market position together with our new partner.
“We will continue to focus on operational excellence, creating value for consumers and extending our position in the region.”
