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.
via Creation of Europe’s second Largest Tissue Producer.
Earlier related: 2008, Tejani family welcomes President Museveni to its tissue paper manufacturing plant in Leicestershire
Ismailimail 