POPULAR TOOLS
WTiN Products
Domtar to grow European personal care business with Attends acquisition
Domtar Corporation has signed a definitive agreement to acquire privately-held Attends Healthcare, a manufacturer and supplier of adult incontinence care products in Europe, from Rutland Partners for €180 million. The transaction is expected to be completed during the first quarter of this year.
“The acquisition of Attends Europe moves us further along the path we started down last summer and it consolidates our ownership of the Attends brand on both sides of the Atlantic,” said John D Williams, president and CEO of Domtar. “With this acquisition, we are adding another platform for growth with a well-established business that has the critical mass to drive product development and brand growth with our current North American business. Demand for incontinence care products in Europe is strong, and our intent is to double earnings within the next five years.”
Attends Europe sells and markets a complete line of branded and private-label adult incontinence care products. The company distributes its products in several channels with its own sales organisations in nine European countries. It operates a 374,000 sq ft manufacturing facility with eight production lines; a research and development centre and a distribution centre in Aneby, Sweden; it also operates distribution centre in Scotland and Germany. Attends has 413 employees, estimated annual run rate sales and EBITDA of €140 million and €23 million respectively.
The current CEO, James Steele, will continue in his functions.
