Metsä Tissue acquires Tento a.s. and becomes market leader in the
Central-Eastern European market
Stock exchange release
Metsä Tissue, part of the Metsäliitto Group, has concluded an agreement to
acquire the full ownership of Tento a.s., a leading tissue paper company in
Slovakia. The acquisition requires the approval of the competition authorities.
"As manufacturing tissue paper products is one of Metsäliitto Group'™s core
businesses, we are happy that this agreement has been successfully completed,"
says Kari Jordan, Metsäliitto Group President and CEO, and Chairman of Metsä
Tissue Board of Directors.
Mikko Helander, President and CEO of Metsä Tissue, confirms: "The acquisition
will strengthen the position of Metsä Tissue in Europe. Tento'™s local market
knowledge and effective manufacturing, combined with our Polish operations,
gives Metsä Tissue a strong local presence in the Central-Eastern European
region. Together we can serve our customers even better."
"I am very pleased with Tento'™s progress during the last five years where we
have been able to improve our efficiency and quality," says Jozef AntoÅ¡Ãk,
President and CEO of Tento. " As part of Metsä Tissue, Tento will now have more
resources to continue developing in the fast growing Central-Eastern European
markets. Personally, I am very happy to offer my 25 years experience to support
Metsä Tissue'™s growth in the fast changing European tissue paper market."
Once the acquisition has been approved, AntoÅ¡Ãk will own 15% of Metsä
Tissue'™s shares, thus becoming the second biggest owner after Metsäliitto. He
will also assume a position as a member of Metsä Tissue Board of Directors.
There are some 150 million consumers in the Central-Eastern European markets
using nearly 700,000 tonnes of tissue paper per year. The annual consumption
per capita is between 3-7 kg and due to the increase in the standard of living
is growing by 5-10% - much faster than in Western Europe.
Tento is one of the leading tissue paper companies in Central-Eastern Europe.
Its key products are toilet paper, household towels and handkerchiefs. The
Tento brand has a leading position in the Slovakian and Czech tissue paper
markets. The company'™s head office and mill are located in Å½ilina, northern
Slovakia. Tento'™s turnover is EUR 90 million and it employs 600 people.
Mikko Helander and Jozef AntoÅ¡Ãk, Tel: +421 4151 21400
Available for telephone interviews from 11.00 CET.
With its high-quality tissue and cooking papers, Metsä Tissue makes life more comfortable for consumers, customers and end-users every day. Metsä Tissue is a leading tissue paper products supplier to households and professionals in Europe and the world’s leading supplier of baking and cooking papers. Our main brands are Lambi, Serla, Mola, Tento, Katrin and SAGA. With production units in five countries, we employ a total of about 2,800 people. Our sales in 2017 were EUR 1 billion. Metsä Tissue is part of Metsä Group.