Domtar Shows Interest in Spanish Diaper Maker Indas - sources

MADRID/LONDON, Oct. 16, 2013 (Reuters) - Spanish buyout firms Portobello and Santander's Vista Capital, are selling diaper maker Indas, and have attracted a bid from Canadian paper group Domtar Corp among others, banking and private equity sources said.

Indas, which was bought by the two Spanish private equity firms in 2007 for about 350 million euros, is Spain's top maker of incontinence pads and other hygiene products and exports to several European countries as well as Latin America and Africa.

Domtar has been buying diaper makers in the United States and Europe in the past two years to expand its personal care business and lower its exposure to weak pulp prices.

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SOURCE: Reuters