WEPA Group Acquires Lucart France SAS Tissue Operations
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WEPA International GmbH, Germany, has acquired 100% ownership of Lucart s.p.a.’s (Italy) Lucart France SAS operations. At the beginning of this month, WEPA took over the plant in Troyes and the consumer business related to products it manufactures. The company's name has been changed to WEPA Troyes SAS.
Lucart Group will continue its activity in the French market through its other French company, Novatissue SAS, concentrating on developing Away from Home tissue business and on the production of recycled tissue products for the consumer market.
The goal of the acquisition is to further strengthen WEPA's market position in the consumer private label sector on the French market and to increase its paper production and converting capacity.
Massimi Oasquini, CEO of Lucart s.p.a., noted that the sale of Lucart France is part of a strategic project to refocus Lucart Group activities on its core business.
The WEPA Troyes SAS plant is located in the Troyes in the region of Champagne-Ardenne. The Troyes mill has an annual production capacity of 32,000 metric tons of tissue, a converting capacity of 40,000 metric tpy, and employs more than 150 people. The company is mainly dedicated to the French private label consumer business.
