Velvet CARE completed the acquisition of Italian Paper and Private Label Tissue.

Velvet CARE, a manufacturer of hygiene products, completed the acquisition of Italian Paper and Private Label Tissue, companies responsible for the production distribution of paper hygiene products. Financial terms were not disclosed. "In business, we always aim high. Development is permanently embedded in the DNA of our company. We are an ambitious team of professionals, a company with a stable position, a trustworthy business partner and a guarantor of the highest quality products for our consumers. The second acquisition lays the foundations for the company's further development plans, which the company's Management Board has agreed with the new owner - the global investment company Partners Group. On behalf of Velvet CARE, I warmly welcome the new business partners and new employees from both companies. I firmly believe that together with Italian Paper and Private Label Tissue, we will write the history of the paper industry together,"Artur Pielak, Velvet CARE CEO.