Lucart Group Acquires Tissue Converter Bokk Paper Kft

The Lucart Group, Italy, through its holding company Lucart Spa, has acquired the total capital of Bokk Paper kft, the main independent Hungarian player in the Away from Home (AfH) converting tissue products market. The name of the company has already been changed to Lucart kft.

"We have had a good business relationship with Bokk Paper for more than 10 years," said Massimo Pasquini, CEO of the Lucart Group, "and thanks to its geographical location, market reputation, and marketing strategy, which align perfectly with our goals, Bokk Paper was the ideal acquisition for the expansion of our company in Central-Eastern Europe."

 

 

"We believe that the acquisition and integration of Bokk Paper into the Lucart Group will strengthen our presence in the Central-Eastern European AfH tissue markets by offering the best services and products to all current and potential new customers."

Zsolt Király, one of the former owners of Bokk Paper, declared that "we believe that the sale of our company to the Lucart Group is the best solution to give continuity to our entrepreneurial project and to assure the future growth of the business. For this reason, my partner József Orlovits, and myself will remain as managing directors of the company to ensure a smooth and efficient integration and take over."

Lucart kft is located in Esztergom, 50 km north of Budapest. The company employs 55 people and has a turnover of EUR 7.5 million. More than one third of the turnover is in export sales to neighboring countries. Around 80% of the sales are from Bokk Paper branded products. 

The Lucart Group has a production capacity of 310,000 metric tpy of tissue, airlaid, and MG paper. It is a top five European player in recycled tissue products for the AfH and consumer markets in Southern Europe, with a turnover of more than EUR 400 million and 1,250-plus employees