01 June 2016

Lucart acquires the Hungarian company Bokk Paper KFT

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In May 2016, through the holding company Lucart S.p.A., we acquired 100% of the capital stock of Bokk Paper kft, the leading independent Hungarian company in the Away from Home tissue products market. The company then took the name Lucart kft.

"For over 10 years, we have had an excellent business relationship with Bokk Paper", said Massimo Pasquini, CEO of Lucart. "Today, considering its geographical location, its excellent market reputation and the perfect match between our respective marketing strategies in the AFH sector, we believe that this acquisition is the ideal opportunity for our Group to expand in Eastern European markets.
We are sure that the acquisition and integration of Bokk Paper and Lucart will allow us to bolster our presence in the AFH markets of Central and Eastern Europe, allowing us to offer the best services and products to our current and potential new customers".

Zsolt Király, one of the former owners of Bokk Paper, declared: "We believe that selling our company to Lucart was the best solution to ensure the continuity to our business project and guarantee future business growth. For this reason, my partner József Orlovits and I will continue to serve as CEOs of the company to ensure an easier and more efficient integration within Lucart".

Lucart kft (ex-Bokk Paper kft)

Lucart kft is a Hungarian company based in Esztergom, about 50 kilometres north of Budapest. The company operates in the sector of paper products for hygienic applications for the Professional market. The company has 55 employees and a turnover of 7.5 million euros. More than a third of the turnover comes from exports with Eastern European countries. Around 80% of sales come from Bokk Paper branded products.
Investments, Corporate