Lucart Acquires Spanish Tissue Producer CEL Technologies & Systems
Lucart's acquisition of CEL Technologies & Systems includes three production facilities in Spain (in the Basque Country near the city of Bilbao) that produce and convert tissue paper and also produce personal care soaps and detergents for the Away from Home market.
Feb. 1 2018 - Lucart Group announced that on Jan. 31 it finalized the acquisition of CEL Technologies & Systems, a Spanish manufacturer of parent tissue rolls and a variety of converted tissue products such as toilet paper, paper towels, hand towels, and wipes, along with a broad range of liquid and foam soaps for professional use. The company also has a deinked pulp plant.
Terms of the deal were not disclosed.
According to Lucart, in the summer of 2017, the CEL Group had to initiate an extraordinary administration process during which a tender procedure was launched for the sale of its production assets. The acquisition by Lucart was finalized through a newly established company, Lucart Tissue & Soap S.L.U.
Lucart's project for restarting the business includes an investment plan of more than EUR 20 million over the next 5 years.
The acquisition includes three production facilities in Spain (in the Basque Country near the city of Bilbao) that produce and convert tissue paper and also produce personal care soaps and detergents for the Away from Home market. The acquisition also includes a deinking plant for the production of pulp.
Lucart noted that the geographical location of the plants is ideal for serving both the Iberian and French markets.
“This acquisition will allow us to continue to strengthen our presence in the tissue paper market, in line with the company's strategic growth plan in European markets, serving all of our Group's Business Units,” commented Massimo Pasquini, CEO of Lucart.
Lucart said it will gradually resume production at the three plants, including the hiring of 146 employees. Production and other developments will be implemented in phases:
- the restart of two continuous machines at the Aranguren plant, for an overall capacity of 50,000 tonnes per year;
- the gradual restart and implemention of tissue converting in the Gunes plant;
- the development and strengthening of soap and detergent production activities in the Artziniega plant, which has never been discontinued.
Based in Lucca, Italy, Lucart is a leading European producer of MG paper, tissue products (toilet paper, kitchen paper, napkins, tablecloths, handkerchiefs, etc.) and airlaid products. The company has a production capacity of 310,000 tons per year, with 10 paper machines and 55 converting lines. To learn more, please visit: www.lucartgroup.com.