Italian paper producerSofidel (Regina paper towels) has sealed a deal to buy the US company, Cellynne Holdings. With this acquisition, Sofidel, Europe’s second biggest paper tissue producer, now has access both to a new continent and the particularly challenging US market, in keeping with its international growth and innovation policy.
The acquisition raises Sofidel’s production capacity to 1,000,000 metric tpy and gives it access to the US market. Cellynne Holdings, a producer of tissue paper (for hygienic and domestic use) in the Away From Home and Consumer sector, has over 300 employees and three production sites strategically located in the US. It has an overall production capacity of 70,000 metric tpy.
The use of recycled fibre and cellulose sourced from sustainably-managed forests and its attention both to water- and energy-reduction technologies and CO2 emissions, confirms Cellynne’s commitment to making environmentally-sustainable products, and also its commitment to environmental footprint which is in line with Sofidel’s sustainability policies.