Portugal´s listed company The Navigator Company completed the acquisition of Gomà-Camps Group’s Consumer Tissue business, including the acquisition of Spanish company GOMÀCAMPS CONSUMER, S.L.U. and French company GOMÀ-CAMPS FRANCE SAS (GC Consumer).
This acquisition is part of an ambitious plan for diversification and development of the Navigator Group, strengthening the Group’s position as the second largest Iberian producer of tissue, with an annual production capacity that now stands at 165,000 tonnes.
GC Consumer filed total sales volume of €116 million, which joint around €200 million of Navigator sales in this business segment in 2022. It is the most modern operation (established in 2005 and further expanded in 2018) belonging to one of Spain’s oldest and most prestigious family-owned companies’ operation for over 260 years in the field of paper production.
As a result of the investment and to make the most of its strategic location in Ejea de los Caballeros (Saragossa), bringing this factory into the group should contribute to a new growth cycle in this business segment. In the Tissue business, Navigator estimations point to consolidated sales of tissue paper in excess of €300 million.
Acquiring GC Consumer complements the Group’s current business activities, both industrially and commercially. Adding this new factory should enable a more optimized management of the portfolio of Iberian clients, help boosting new business in Spain, and capture operational synergies in France as a result of its strategic location in Saragossa.
The Group intends to continue GC Consumer’s business and incorporate the broad know-how, talent and extensive experience of its professionals, exploring opportunities to strengthen the position of this joint operation in the global market.
GA_P advised The Navigator Company on this deal with a team led by Madrid Corporate partner Álvaro Mateo Sixto, together with Barcelona Corporate associates Carolina Posse Van der Laat and Irene Romero Teba, Lisbon Tax partner Nuno Oliveira García and Lisbon Corporate partner Mafalda Barreto.
Other advisors on this deal were Corporate associates María Meseguer Guimera, Claudia Curell Mompó and Iñigo Valdenebro Monzón, Labour of counsel Lourdes Escassi, Labour associate Carmen Abad Peralta, Banking & Finance associate Irene Medina de Alba, IP associates Mercedes Ferrer Bernal and Elisa Gómez-Bernardo, Real Estate associate Sofía Sáenz de Valluerca Solana, Public Law associates Marta Rey Pinedo, Ester Abascal Iglesias and Ignacio Álvarez Serrano, Brussels Competition partner Miguel Troncoso Ferrer and Brussels Competition associate Laura Lence de Frutos.