Grigeo AB Group acquires a tissue paper mill in Poland
March 28 2024 - 5:46AM
UK Regulatory
Grigeo AB Group acquires a tissue paper mill in Poland
28 March 2024 Grigeo AB Group of Companies has
successfully completed the acquisition of one of the mills of
Głuchołaskie Zakłady Papiernicze sp. z o.o (hereafter – GZP),
a Polish producer of tissue paper and paperboard.
In compliance with the terms of the preliminary
agreement, Grigeo Hygiene UAB, controlled by Grigeo AB, acquired
100 % of the shares of a GZP's subsidiary Niedomickie Zakłady
Papiernicze sp. z o.o, which is the operator of a tissue paper
business in Niedomice, Poland. The acquisition was financed from
funds raised by Grigeo AB.
Based on unaudited data, the annual turnover of
the GZP’s division in Niedomice for 2023 was EUR 40 million, the
estimated enterprise value is EUR 22 million.
A press release is attached to the notice.
Tomas Jozonis
Chief Executive Officer
+370 5 243 58 01
- 2024.03.28 Grigeo press release.pdf
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