Manufacturing project Romanian tissue paper specialist Pehart Group has made an investment of more than €8 million in a new conversion line. The line will make a wide range of away from home products.
As part of the investment, Pehart Group will introduce its new Sovio brand which is to comprise paper towels, napkins, toilet paper, and other products, local news site Seenews.com reported.
“Pehart Group is the leading tissue paper producer in Romania and the largest independent business of its type in the CE region. The group has two production facilities in central Romania, one in Petresti (near Sebes) and one in Dej (near Cluj),” Abris Capital Partners, a private equity fund manager which has invested in Pehart Group, said in a statement.
“Pehart exports most of its production from Romania to neighbouring countries in Southeastern Europe,” according to the private equity industry player.