Monday, 26 July 2010 14:21

Creation of Europe’s second Largest Tissue Producer Featured

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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.

Read 5588 times Last modified on Tuesday, 27 July 2010 16:59