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Sofidel continues to grow

Nov 29 2010  Italian tissue producer Sofidel’s recent acquisition of LPC Group, owner of Swedish Tissue, has now been followed by an acquisition of Romanian tissue producer Comceh.

On 23 November Sofidel Group announced that, via its Polish subsidiary Delitissue, it has acquired the remaining 70 percent of the share capital of Comceh SA, a Romanian company. The takeover is the conclusion of an operation that begun last spring with the acquisition of a 30 percent stake in the Romanian company. Based in Calarasi, south Romania, Comceh produces an estimated 35,000 tons per year of tissue paper products on a 4.6 meter wide Toscotec tissue machine, installed in 2003, and two converting lines. Comceh is the leading supplier of private label tissue in Romania.Sofidel is currently the second largest European manufacturer of tissue paper. It has 27 production sites and 22 companies in twelve countries - Italy, Spain, Sweden, UK, Belgium, France, Croatia, Germany, Poland, Romania, Greece and Turkey. Sofidel has about 4,560 employees and a production capacity of 953,000 tons per year.

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