Clearwater International advises Cartiere Carrara on its acquisition of Carind S.r.l. and CRC S.r.l.
Clearwater International has advised Cartiere Carrara Group (Cartiere Carrrara) on its acquisition of Carind S.r.l. (Carind) and CRC S.r.l. (CRC), leading manufacturers and distributors of tissue paper products.
Cartiere Carrara, founded in 1873, is a leading European manufacturer of tissue paper products for the consumer and trade markets. Cartiere Carrara is the parent company of Tuscany and Bulky Soft. The business’ product range includes; high-quality hand towels, kitchen roll, toilet paper, handkerchiefs, facial tissues, tablecloths and napkins. With a turnover of circa €300m, the Group employs more than 600 people in Italy, and operates six tissue mills producing 240,000 tons per year. Over 35 converting lines produce tissue and sanitary products, distributing to over 40 countries worldwide.
Carind was founded in 1988 and is based in Arpino. The business manufactures tissue and sanitary paper products such as toilet paper, hand towels and napkins. As a result of the technologically advanced production and automation systems, Carind is one of the leading companies in the health and sanitation sector.
CRC is based in Sermoneta and manufactures toilet paper, hand towels and napkins for the consumer market. CRC is the parent company of Maxi and Voìlet.
The transaction will enable Cartiere Carrara to further strengthen its position in the tissue paper industry, which has notable growth prospects both in Italy and globally.