Solaris Paper acquires leading Australian tissue brand Asaleo Care
SYDNEY, Dec. 6, 2018 (Press Release) -Solaris Paper today announced it has acquired ASX listed Asaleo Care’s Australian consumer tissue business. In the deal which was announced to the ASX on 6 December, Solaris Paper will obtain complete ownership of Asaleo Care’s Australian brands which include, Sorbent toilet and facial tissue, Purex, Handee Ultra paper towel and Deeko serviettes and disposable kitchenware.
The acquisition adds Asaleo Care’s robust consumer portfolio to Solaris Paper’s established luxury brands. The deal puts Solaris Paper in a position to leverage a larger product range through vertical integration.
Solaris Paper, ANZ CEO, Paul Tonkin said, “Solaris Paper’s ...