With its internationalisation plan, Lucart has bought Supply Products Ltd, one of the leading professional hygiene products companies in Great Britain.
With this investment, Lucart’s leadership in the European market of Away from Home hygiene products will be confirmed. “This transaction is of strategic importance for the entire Group as it allows us to consolidate our presence in the UK, which is the second largest market in Europe for tissue products. Our financial strength and the desire to pursue the Group’s strategic objectives, together with the awareness that the difficulties linked to the historical moment we are experiencing must not make us lose our long-term vision, have enabled us to overcome the uncertainties generated by Brexit and the Covid-19 pandemic. We have completed an important additional step for the future development of the entire Group”, says Massimo Pasquini, CEO of Lucart.
Essential Supply Products Ltd, which was Founded in 1990, is with a turnover of approximately 30 million euros per year. The company has its headquarters and production plant in Malvern, and its location, market and type of production, brother the Group.
Supply Products Ltd founder Carl Theakston will be personally involved: “Over the years we have done a number of transactions to enable ESP to continue to compete at the highest level. But over time I realised that the standard of investment required to realise my ambitions for this company needed an investor who shared the ESP family values and who had the vision and desire to grow the company sustainably and to its full potential. Lucart is a multinational, family-owned group that has been in business for 68 years. Its history, vision and commitment to sustainable development models make it the ideal investor for the ESP adventure to continue in the best possible way”.