Sofidel acquires tissue converting plant in Piszke, Hungary

Monday, Mar 07, 2016

Sofidel Group strengthens its presence on the European market by closing an important operation in Hungary, as the company says in the press release received by Lesprom Network.

The operation, made with Forest Papir Kft, involves the acquisition of new customers and the Forest brand, an overall converting production capacity of 30, 000 tonnes and a converting plant in Piszke. The framework of the agreement also includes buying approximately 90,000 square metres of land.

The acquired overall converting production capacity is equal to 30,000 tonnes. 200 workers are involved.

Piszke, a town along the Danube, approximately one and a half hours by car from the capital city of Budapest.

“With this acquisition in Hungary, through our production activity, we are staking an area of eastern Europe that was hitherto left uncovered by us,” declared Luigi Lazzareschi, Sofidel Group CEO.

Sofidel Group is one of the world's leading paper producers for hygienic and domestic use.


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