Consumer & Retail
Hakle GmbH, based in Düsseldorf-Reisholz, Germany, was founded in 1928 and is a leading producer of branded sanitary paper products. In September 2022 the tradition-rich manufacturer filed for insolvency proceedings in self-administration due to the exorbitant increase in the cost of electricity and gas.
Sofidel S.p.A, based in Porcari, Italy and founded in 1966 is one of the world's leading manufacturers of paper for hygiene and household use. The multinational family-owned company employs more than 6,000 people has subsidiaries in 13 countries and generated net sales of 2.1 billion euros in 2021.
Following transaction team facilitated the transaction for our client.
About the sector
With over 83 m inhabitants, Germany is the largest consumer market in Europe. In addition, the German population has above-average purchasing power, which fuels the growth of the industry. The sector is also considered particularly crisis-proof, as demand for consumer goods is largely independent of the economic cycle.
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