The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture Of Wood And Paper Materials Manufacture Of Paper And Paper Products 17 - Manufacture of paper and paper products
200 jobs Number of planned job creations
Announcement Date
29 January 2007
Employment effect (start)
1 June 2007
Foreseen end date
1 January 2010
Description
Leicester Paper Company (LPC), the British manufacturer of non woven paper, announced on 29 January 2007 that it had acquired SCA Hygiene. The company, located in Roanne (in Loire) and employing 44 people, belonged to the paper manufacturer Svenska Cellulosa.
LPC wants to triple the production of toilet paper. In order to do so, it announced that it will recruit 200 employees between June 2007 and January 2010 and that it will invest 85 million euro in the unit.
Sources
31 January 2007: Le Progrès
30 January 2007: Les Echos
Citation
Eurofound (2007), SCA Hygiene products, Merger/Acquisition in France, factsheet number 64857, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64857.
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