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Swedish Tissue's owner completes American acquisition

Sept 7 2012  Italian tissue group Sofidel, owner of Swedish Tissue, has completed the acquistion of the US-based tissue producer Cellynne Paper.

With the acquisition, Sofidel, Europe's second biggest tissue producer, has access to the challenging US market. The decision is consistent with Sofidel's policy aiming at international growth and innovation; a strategy that began at the end of the 1990s."This is an important step in the Group's international growth strategy", said Sofidel's CEO, Luigi Lazzareschi. "It raises the Group's overall production capacity to over 1,000,000 tons per year and marks its entry into the US market".Sofidel became owner of Swedish Tissue in Kisa, south of Linköping, in 2010, when the Italian group acquired British LPC Group, at the time owner of Swedish Tissue.Founded in 1988, with its head office in Haines City, Florida, Cellynne Paper is a producer of tissue for the Away From Home and Consumer sector. It has over 300 employees and three production sites in the United States.

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