Creation of Europe’s second Largest Tissue Producer
01/06/2010
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 Sofidel
Sofidel is headquartered in Italy with 17 manufacturing operations in eight countries across Europe producing in excess of 700,000 tonnes of tissue products per annum.
Sofidel generated sales of more than €1 billion in 2009 and currently employs approximately 3,200 people throughout 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 tonnes. LPC Group turnover was £236 million in the year ending September and employs approximately 1,120 people.
