Explore More Than Just This Free Article

This article is a glimpse of the exclusive insights we provide daily to industry leaders. Dive deeper into our industry-specific reports and uncover the strategic information you need.

Ontex completes divestment of its Mexican business to Softys, a subsidiary of Empresas CMPC, for total net amount of €265M; deal includes Ontex's manufacturing site in Puebla, branded business in Mexico, related exports to certain regional markets

AALST, Belgium , May 2, 2023 (press release) –

Ontex Group NV (Euronext: Ontex), a leading international supplier of personal care products, announces that it has completed the divestment of its Mexican business activities to Softys S.A. a personal hygiene company with operations across Latin America and a wholly-owned subsidiary of Empresas CMPC S.A., headquartered in Chile.

The transaction includes Ontex’s manufacturing facility in Puebla, Mexico, its branded business in Mexico as well as related exports to certain regional markets. The business employs around 1,000 blue-collar employees and 350 white-collar employees. Ontex’s manufacturing facility in Tijuana, Mexico, will remain with Ontex and will form an integral part of Ontex’s North American operations and supply chain footprint.

Gustavo Calvo Paz, CEO of Ontex, said: “With this transaction, we make a significant step in the implementation of our strategy and in strengthening our balance sheet. While there is more to accomplish, reaching this milestone allows us to focus further on our partner brands and healthcare business in the Core Markets of Europe and North America, where we have significant growth drivers for the future.

Aggregate net cash proceeds received at closing, after the impact of taxes, transaction expenses and balance sheet adjustments are approximately €225 million. This amount is subject to customary post-closing adjustments. The proceeds will be used to repay Ontex’s €220 million term loan. In addition, the parties have agreed to a deferred payment with a value of approximately €40 million, payable to Ontex over a maximum of five years.

T: +32 53 333 730

investor.relations@ontexglobal.com

T: +32 53 33 36 20

corporate.communications@ontexglobal.com

Ontex is a leading international personal hygiene group. We engineer and make high quality products for Baby Care, Feminine Care and Adult Care and are the partner of choice for consumers, retailers, and institutional and private healthcare providers around the world.

© Ontex BV 2023

* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.

See our dashboard in action - schedule an demo with Dan
Dan Rivard
Dan Rivard
- VP Market Development -

We offer built-to-order coverage for our clients. Contact us for a free consultation.

About Us

We deliver market news & information relevant to your business.

We monitor all your market drivers.

We aggregate, curate, filter and map your specific needs.

We deliver the right information to the right person at the right time.

Our Contacts

1990 S Bundy Dr. Suite #380,
Los Angeles, CA 90025

+1 (310) 553 0008

About Cookies On This Site

This website stores cookies on your computer. These cookies are used to improve your website experience and provide more personalized services to you, both on this website and through other media. To find out more about the cookies we use, see our Privacy Policy. We won't track your information when you visit our site. But in order to comply with your preferences, we'll have to use just one tiny cookie so that you're not asked to make this choice again.