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CORRECTION: Grigeo Group AB subsidiary Grigeo Hygiene UAB acquires company Huchtemeier Papier GmbH
Globenewswire· 2025-10-09 06:14
Core Insights - Grigeo Group AB has successfully acquired 100% of Huchtemeier Papier GmbH, marking its entry into the German market [2][4]. Company Overview - Huchtemeier Papier GmbH specializes in supplying hygiene paper, napkins, and paper raw materials to wholesalers, specialized retailers, and industrial customers [3]. - In 2024, Huchtemeier Papier GmbH reported sales of €92 million and an EBITDA of €2.6 million, with a workforce of 47 employees and sales offices in Germany, Austria, Poland, and Turkey [3]. Financial Performance - Grigeo Group AB achieved an annual consolidated turnover of €213 million in 2024, with an EBITDA of €34.8 million and a net profit of €20.9 million [4]. - The acquisition is expected to significantly enhance Grigeo Group's sales and EBITDA by expanding its presence in the Western and Central European markets [4]. Strategic Implications - The acquisition of Huchtemeier Papier GmbH represents a strategic move for Grigeo Group to penetrate the German market and leverage growth opportunities in the region [4].
Grigeo Group AB subsidiary Grigeo Hygiene UAB acquires company Huchtemeier Papier GmbH
Globenewswire· 2025-10-02 05:00
Core Insights - Grigeo Group AB's subsidiary Grigeo Hygiene UAB has acquired 100% of Huchtemeier Papier GmbH, marking its entry into the German market [1] - Huchtemeier Papier GmbH specializes in supplying hygiene paper, napkins, and paper raw materials to various customers, including wholesalers and specialized retailers [1] - In 2024, Huchtemeier Papier GmbH reported sales of €92 million and an EBITDA of €2.6 million [1] Financial Details - The acquisition was financed through the funds of Grigeo Hygiene UAB [1] - Huchtemeier Papier GmbH's sales performance indicates a strong market presence with significant revenue generation [1]
INVL Baltic Sea Growth Fund has completed the acquisition of the Pehart Group in Romania
Globenewswire· 2025-07-14 06:00
Core Insights - INVL Baltic Sea Growth Fund has completed the acquisition of Pehart Group, a leading Romanian producer of household and industrial paper products, with a financing package exceeding EUR 150 million [1][4] - The investment aims to enhance Pehart Group's manufacturing capacities and support its expansion in the region, reinforcing its market leadership [3][8] - Pehart Group generated revenues of EUR 165 million in 2024 and employs over 550 people, indicating its significant presence in the Southeast European paper manufacturing market [8] Investment Details - The financing for the transaction was provided by a consortium including International Finance Corporation (IFC), Banca Transilvania, and ING Bank Romania [1][4] - The deal was finalized on July 11, 2023, marking a transition from Abris Capital Partners to INVL Baltic Sea Growth Fund [2][3] - The investment includes a sustainable linked component, aligning with IFC's commitment to fostering sustainable economic growth in Romania [5] Company Strategy - Pehart Group plans to invest in cutting-edge technologies, diversify its product portfolio, and expand its international market presence [3][8] - The company has launched new products, such as the SOVIO brand targeting the Away-from-Home sector, reflecting its strategy to diversify offerings [8][9] - The partnership with INVL Baltic Sea Growth Fund is seen as an opportunity to accelerate Pehart Group's development plans and strengthen its regional leadership [3][6] Fund Overview - INVL Baltic Sea Growth Fund is the leading private equity fund in the Baltics, with a fund size of EUR 165 million and managed by Invalda INVL group [10] - The fund has a strong backing from the European Investment Fund (EIF) and aims to support high-growth potential small and medium-sized enterprises in the region [10]
Suzano & Kimberly-Clark to Form Global Tissue Joint Venture
ZACKS· 2025-06-06 14:32
Group 1: Joint Venture Announcement - Suzano S.A. and Kimberly-Clark Corporation are forming a $3.4 billion joint venture to manufacture consumer and professional tissue products, with Suzano owning 51% and Kimberly-Clark holding 49% [1][7] - The joint venture will be incorporated in the Netherlands and will operate 22 manufacturing facilities across 14 countries, with an annual tissue production capacity of approximately 1 million tons and projected net sales of $3.3 billion in 2024 [2][3][7] Group 2: Market and Employment Impact - The joint venture will market and distribute various tissue products in over 70 countries and is expected to create more than 9,000 job opportunities [3] - The transaction is anticipated to close in mid-2026, with Suzano set to pay $1.734 billion in cash at closing, subject to standard post-closing adjustments [4][7] Group 3: Suzano's Financial Performance - In Q1 2025, Suzano reported net sales of $1.97 billion, an increase from $1.91 billion in the same quarter of the previous year, with adjusted earnings rising to 87 cents compared to 3 cents in the prior year [5] - Over the past year, Suzano's shares have increased by 5.9%, while the industry has seen an 18.4% growth [6]