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Cartiere Carrara Buys Tissue Converters Carind and CRC

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Italy’s Cartiere Carrara has acquired tissue converters Carind and CRC, thus creating Gruppo Cartiere Carrara.

With the acquisition of the two companies, which are active in the consumer and away-from - home (AfH) segments, Cartiere Carrara aims at enhancing its offering in the high-quality AfH market, which has strong growth potential, and reinforcing its presence in the Italian consumer market. The firm will bolster this effort via an ad-hoc multi-year investment plan for the acquired firms.

“This deal fits perfectly with our M&A guidelines, which are focused on outstanding companies that could be integrated in our production and commercial structure, thus making it more distinct from a quality and sustainability point of view,” Cartiere Cararra chief growth officer Mario Carrara commented.

Elsewhere, the company invested Euro 17 million ($18.8 million) in a new tissue line and cogeneration plant at its Carma Ferrania mill in Cairo Montenotte. The new production line is expected to ramp-up in the second half of the year, will use paper for recycling as a raw material and will have a production capacity of 40,000 mtpy. The cogeneration plant will have an electrical capacity of 4.2 MW/yr.

Cartiere Carrara is both a producer and a converter of tissue paper. It produces approximately 240,000 mtpy of paper on eight paper machines. It has a total of six production sites and 35 converting lines.


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