How is M&A activity shaping European tissue industry?

摘要

The large producers have been growing through sizeable acquisitions, as well as by organic growth. The most active acquirers have been SCA, Sofidel and WEPA, while all of the mentioned, and in addition ICT-Tronchetti, have also been active builders of new capacity. The capacity share of the three largest players has grown from approximately 40% to 50%,