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  5. Velvet CARE Acquires Almus

M&A Deal Summary

Velvet CARE Acquires Almus

On January 10, 2023, Velvet CARE acquired manufacturer Almus

Acquisition Highlights
  • This is Velvet CARE’s 1st transaction in the Manufacturing sector.
  • This is Velvet CARE’s 1st transaction in Poland.

M&A Deal Summary
Date 2023-01-10
Target Almus
Sector Manufacturing
Buyer(s) Velvet CARE
Deal Type Add-on Acquisition

Target

Almus

Słomniki, Poland
Almus is a Polish tissue-converting business that manufactures toilet paper and kitchen towels, offering quality products in both branded and private label categories. The company has a well-invested asset base, including five modern and high-quality converting lines with a total capacity of 70,000 tonnes annually, and has been growing steadily in recent years. Almus is based in Słomniki, Poland.

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Buyer(S) 1

Buyer

Velvet CARE

Klucze, Poland
Category Company
Founded 1897
Sector Consumer Products
Employees500
DESCRIPTION

Velvet CARE is a manufacturer of tissue-based, personal hygiene products in CEE, producing toilet paper, kitchen paper and hand tissues sold under the Velvet brand. Velvet CARE was founded in 1897 and is based in Klucze, Poland.

DEAL STATS #
Overall 1 of 1
Sector: Manufacturing M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Poland M&A 1 of 1
Year: 2023 M&A 1 of 1
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