Ontex completes the divestment of its Algerian business
02 Aprile 2024 - 8:00AM
Ontex completes the divestment of its Algerian business
Aalst, Belgium, April 2, 2024 – Ontex, a leading
international developer and producer of hygienic products and
solutions, announces that it has completed the divestment of its
Algerian business to Hygianis SPA, its local distributor for more
than 20 years. The transaction includes Ontex’s production facility
and business in Algeria, as well as related exports to certain
neighboring countries.
Gustavo Calvo Paz, CEO of Ontex, said: “With
this transaction, we make further progress in becoming the number
one trusted partner for retail and healthcare brands, allowing us
to focus even more on the strategic roadmap for our Core Markets of
Europe and North America, where we have significant growth and
margin improvement potential. I wish the full team of Algeria the
very best while writing this new chapter of their story!”
The cash proceeds prior to taxes and transaction
costs are approximately €25 million, and remain subject to
customary post-closing adjustments.
Enquiries
-
Investors
Geoffroy
Raskin
+32 53 33 37
30
investor.relations@ontexglobal.com
-
Media
Maarten
Verbanck
+32 53 33 36
20
corporate.communications@ontexglobal.com
About Ontex
Ontex is a leading international developer and
producer of hygienic products and solutions for retailers and
healthcare, with expertise in baby care, feminine care and adult
care. Ontex’s innovative products are distributed in around 100
countries through leading retailer brands, lifestyle brands and
Ontex brands. Employing some 7,500 people all over the world, Ontex
has a presence in 20 countries, with its headquarters in Aalst,
Belgium. Ontex is listed on Euronext Brussels and is part of the
Bel Mid®. To keep up with the latest news, visit ontex.com or
follow Ontex on LinkedIn, Facebook, Instagram and YouTube.
Grafico Azioni Ontex Group NV (EU:ONTEX)
Storico
Da Nov 2024 a Dic 2024
Grafico Azioni Ontex Group NV (EU:ONTEX)
Storico
Da Dic 2023 a Dic 2024
