Sofidel Group acquires Lancaster papermill

ITALIAN paper and tissue multinational Sofidel has acquired NTG Papermill in Lancaster for an undisclosed sum.

Sofidel, which had sales of £1.25bn last year, said the deal would strengthen its production capacity in Britain.

Chief executive Luigi Lazzareschi said: “Through this acquisition we further strengthen our production capacity in a major market place such as Britain. It is a move that enables Sofidel to optimise the operations of its converting plants in the UK.”

NTG, part of the Northern Tissue Group, can produce 32,000 tonnes of paper a year.

Sofidel was advised by a team at law firm Pinsent Masons led by Philip Goldsborough.