Sofidel recently expanded its production capabilities with the acquisition of a paper mill from ST Paper & Tissue.
The factory, located in Duluth, Minnesota, has a production capacity of 65,000 metric tons of paper per year. According to a press release, the purchase will allow Sofidel to better meet the increased demand for tissue products in the United States.
“This is an important acquisition, allowing us to immediately meet the growing demand, which saw a significant upturn in 2023. What we are acquiring is a technologically advanced plant that further improves our geographic coverage and creates the conditions to strengthen and sustain growth in what is our main market,” said Luigi Lazzareschi, Sofidel CEO.
The new investment comes a few months after Sofidel made an organic growth investment to expand its integrated plant in Circleville, Ohio. The project, which has already been launched, involves the construction of a new building to house a new machine (with a production capacity of 70,000 metric tons per year), which is scheduled to come into operation in the third quarter of 2025. By that time, with 200 thousand metric tons of annual capacity, Circleville will become Sofidel’s largest production site worldwide.