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Softys takes over SEPAC

17
Aug '19
Pic: CMPC
Pic: CMPC
Softys, CMPC subsidiary that manufactures tissue paper and personal care products, has taken over SEPAC, a move that strengthens its position in the Brazilian market. The company established 45 years ago in the Paraná state is known for its industrial facilities and commercial brands. The merger establishes Softys as the largest tissue producer in Brazil.

SEPAC is a Brazilian family-owned tissue company founded in 1974 by Dr. Joao Ferreira Dias with a portfolio that includes well-recognised brands among local consumers such as Duetto, Paloma, Stylus and Maxim. The company has an important tissue mill in the Paraná state with an annual capacity of 135 thousand tons of tissue paper, through 6 paper machines and 17 conversion lines. In addition, the company has 1 diaper conversion line with a capacity of 175 million units per year.

“This is a very significant operation, which is in line with our objective of growing in markets with high development potential in the tissue business, such as Brazil,” stated CMPC CEO, Francisco Ruiz- Tagle.

“SEPAC is an excellent complement to the current operations of Softys Brazil, considering, as an example, their important presence in the south of the country and their diversified client portfolio,” explained Softys CEO, Gonzalo Darraidou.

The merger of both companies will consolidate Softys as the largest tissue producer in Brazil with SEPAC’s presence in the south of Brazil, which complements the current presence of Softys in the central states.

Softys has been present in the Brazilian market since 2009 and has industrial operations in the Sao Paulo state. The company currently has an annual capacity of 145 thousand tons of tissue paper that will rise to 280 thousand tons after the merger with SEPAC, positioning CMPC’s subsidiary as the largest tissue paper producer in Brazil. Softys Brazil sells tissue paper and personal care products, highlighting the penetration of its elite and sublime brands. (SV)

Fibre2Fashion News Desk – India

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