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Apollo Capital Management Acquires European Paper Producer Lecta

Lecta Lecta has a production capacity of approximately 1.6 million tons of paper and about 2,700 employees.

March 19, 2026 - The European Commission has approved, under the EU Merger Regulation, the acquisition of sole control of Lecta Paper Industries Intermediate Financing S.à r.l. ('Lecta') by Apollo Capital Management ('Apollo Funds'), a private equity firm based in New York.

Lecta, which is incorporated and domiciled in Luxembourg, has its main operating offices in Barcelona, Spain and operates several production facilities in Europe, including manufacturing facilities producing pulp, base paper, specialty papers and coated woodfree paper, with seven mills across Spain, France and Italy and a self-adhesive converting center in Germany.

The Commission concluded that "the notified transaction would not raise competition concerns, given the companies' limited market positions resulting from the proposed transaction. The notified transaction was examined under the simplified merger review procedure."

According to information on Lecta's website, the company has a production capacity of approximately 1.6 million tons of paper and about 2,700 employees.

SOURCE: European Commission and Lecta