Sofidel purchased 70% of the Romanian company Comceh 

Italian group Sofidel, producer of paper for sanitary and home use purchased 70% of Comceh company, the most important Romanian company activating in this sector according to the internet page Il sole 24ore. The operation was made through Sofidel’s Polish branch, Delitissue that purchased this year 30% of Comceh’s shares.

Currenty Sofidel controls the Romanian company. The quoted source does not mention the value of the transaction. In 2009 the Italian Sofidel group had a profit of over 1 billion euro. Set up in 1962 and privatized in 2000, Comceh is one of the most important Romanian companies in the paper industry. Comceh produces 35,000 tons of paper per year and 260 employees.