Lecta Completes Sale of Paper Distribution Business in Argentina

Dec. 13, 2013 - Lecta said on Dec. 10 that it finalized the sale of its distributor in Argentina to the Tecnomax group in Uruguay.

The value of the sale was not disclosed.

"With extensive experience in the merchanting market through its own distributors and through the acquisition of the Italian merchant Polyedra in 2012, Lecta has decided to focus its merchanting business on the Groupís key strategic markets where it also has manufacturing facilities — Italy, France and Spain — as well as Portugal, thus strengthening its position as a leader in the Southern European market," the company said in a statement.

Lecta said the new distributor will continue to operate short-term under the Torraspapel Argentina name and will continue to supply Lecta products to the Argentinean market.

Lecta is one of the largest manufacturers of coated woodfree paper in the world. To learn more, please visit: www.lecta.com.