Sofidel and SCA have finalised the transaction related to former Georgia-Pacific (GP) businesses. SCA had to sell parts of the tissue operations to comply with competition rules.
After getting green light from the European Commission, Italian tissue and hygiene paper products manufacturer Sofidel has completed the acquisition of several former Georgia-Pacific businesses from SCA. According to Sofidel, the acquisition is effective from 1 April 2013.
The takeover covers different toilet paper and household towel brands in the UK and Ireland (Thirst Pockets, Kitten Soft, Inversoft and Nouvelle), including the capacity of the Horwich converting plant in North-West England. In addition, Sofidel has secured a marketing license for G-P's consumer tissue brands Lotus and Lotus Moltonel in Belgium, Luxemburg and in the Netherlands.
The transaction between Sofidel and SCA was announced in January this year. SCA had to part with the businesses in order to comply with EU competition rules. The Swedish manufacturer had taken over GP's European tissue operations in July 2012 and the European Commission had made the transaction subject to certain conditions.