Porcari, Lucca, Italy 01 October 2013 -- The tissue paper producer acquires NTG Papermill Limited in Lancaster area. The acquisition enables Sofidel to optimize the operations of its converting plants in the UK.
Sofidel, one of the leading European manufacturers of paper for hygiene and domestic use, is pleased to announce that yesterday, Monday 30 September 2013, reached agreement for the acquisition of the shares of NTG Papermill Limited in the UK.
The agreement signed with NTG Ltd becomes effective as of today, October 1st.
The paper mill, that is located in the North West of England, Lancaster area, is equipped with a paper machine with a capacity of approximately 32,000 tonnes per year.
“Through this acquisition we further strengthen our production capacity in a major market place such as Britain. It is a move that enables Sofidel to optimize the operations of its converting plants in the UK” said Luigi Lazzareschi, CEO of Sofidel.
The Italian Group Sofidel, a privately held company owned by the Stefani and Lazzareschi families, is one of the leading European manufacturers of paper for hygiene and domestic use. With over 40 years of history (established in 1966), the Group has 27 subsidiary companies in 13 countries (Italy, Spain, Sweden, the United Kingdom, Belgium, France, Croatia, Germany, Poland, Romania, Greece, Turkey and US) and more than 5,000 employees. With an aggregate turnover of 1,511 million Euros (2012), Sofidel is the second largest manufacturer of tissue paper in Europe, the sixth in the world (1,020,000 thousand metric tonnes per year – Source: World Tissue Business Monitor July 2012). Its flagship brand, “Regina”, is present in all major markets. Other brands are Softis, Le Trèfle, Sopalin, Inversoft, Nouvelle Soft, Thirst Pockets, Kitten Soft, Yumy, Soft & Easy, Volare, Onda, Papernet, Heavenly Choice, Heavenly Soft, Confidence and Cellysoft.