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01/06/10 - Creation of Europe’s second Largest Tissue Producer The Tejani family has today signed an agreement to sell the LPC Group to family owned Sofidel S.p.A.
Completion of the sale is subject to the receipt of required regulatory approval in Germany.
The combination of LPC and Sofidel will create Europe’s second largest tissue producer with a combined turnover of €1.3 billion per annum. The enlarged group will be enabled to serve its customers with a broader range of products from its reinforced manufacturing footprint in Northern and Southern Europe.
About LPC
LPC Group is based in Leicester with manufacturing sites in four different countries and has tissue making capacity of nearly 190,000 tons. LPC Group turnover was £236 million.
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May 2010 - Sofidel Group acquires 30% of Comceh S.A. in Romania Sofidel, via its Polish subsidiary, Delitissue Sp. Zo. has acquired 30% of the share capital of Comceh S.A, a Romanian company with its head office at Calarasi, in South Romania with interests in the paper industry and which produces and sells paper products.
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