08 Mar 2021
The Lucart Group, a European producer of machine-glazed paper, tissue products, and airlaid products, based in Lucca, Italy, acquired 100% of the share capital of ESP Ltd (Essential Supply Products Ltd.), the leading independent manufacturer of tissue paper products for the Away from Home market in Great Britain.
The acquisition was of great strategic importance for Lucart Group, allowing it to consolidate its presence in Great Britain, which is the second-largest market in Europe for tissue paper products.
The Clairfield team in Italy and the UK worked together seamlessly to get all parties to agree on the terms of the deal in the midst of a turbulent time and in advance of potential capital gains tax changes in the UK.
Read more about the transaction here: Deal of the month Lucart