Softys to acquire the Brazilian business of Ontex Group for €110m.

Softys, a personal hygiene company, agreed to acquire the Brazilian business of Ontex Group, an international personal hygiene group, for €110m. “This divestment represents another major milestone towards Ontex’s ambitioned portfolio, focusing on retail brands and healthcare in Europe and North America. Moreover, the proceeds from the sale will further reduce our indebtedness, putting us in an even stronger position to execute our transformation. I am convinced that Softys, with its 40 years of experience in the personal hygiene market in Latin America, is well placed to take the business forward, benefiting from the talent and expertise of our teams, as they also did with our Mexican business,” Gustavo Calvo Paz, Ontex Group CEO.