Portucel to Acquire Tissue Producer AMS

As part of its development plan for a new growth cycle, Portucel, S.A., Portugal, will diversify into tissue paper, with the aim of becoming a relevant player in Europe. The acquisition of existing tissue capacity will allow the Group to gain a rapid grasp of the new business dynamic and to benefit from an established client base, according to a report by RISI (Brussels, Belgium).

After an in‐depth survey of the different assets available on the market, Portucel has decided to acquire AMS BR Star Paper S.A. (AMS), the most efficient and profitable tissue paper producer in the Iberian Peninsula, located in Vila Velha de Rodão, Portugal, according to RISI. With annual production capacity of 30,000 metric tons of tissue, and converting capacity of 50,000 metric tons, as well as a workforce of 146, the company is currently implementing a plan to double its production capacity for tissue papers, due for completion in September of this year. 

RISI further notes that the total investment in AMS, including expenditure needed for its current capacity expansion plans, will total around EUR 80 million.