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Grupo Familia Acquires Inpaecsa Paper Products Company for Reported $36 Million USD

Posted On February 16, 2018
By : Jared Wade
Comment: Off
Tag: ecuador, Familia, Grupo Familia, Industrial Papelera Ecuatoriana, Inpaecsa, Nosotras, Pequeñín, Pomys, Productos Familia Sancela del Ecuador S.A., quito

Colombian household goods firm Grupo Familia acquired Industrial Papelera Ecuatoriana (Inpaecsa) of Ecuador earlier this month for $36 million USD, according to local paper La Republica.

The transaction, which the multilatina paper products and bathroom tissue maker said in a statement highlights its “interest to continue growing in Ecuador,” was conducted through the firm’s subsidiary Productos Familia Sancela del Ecuador S.A. and has received approval from regulators in Quito.

Grupo Familia sells products in around 20 nations in Latin America and operates plants in Colombia, Ecuador, Argentina, and the Dominican Republic.

“This is an operation of great importance,” said Grupo Familia in a statement. It added that, after having a presence within its Andean neighbor nation for some 20 years, “we are proud to continue with this history through a company connected to both paper and recycling.”

The company — which sells brands including Familia toilet paper, Pequeñín baby wipes, Nosotras feminine products, and Pomys facial products — has already begun the merger under an integration plan that kicked off following the early February acquisition of Inpaecsa, which was founded in 2012.

(Photo credit: Engin_Akyurt / Pixabay)

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About the Author
Jared Wade is editor in chief of Finance Colombia. He is a Bogotá-based journalist with 15 years of experience covering topics including business, financial services, Latin America, and sports. Email him at jared.wade(at) financecolombia.com or follow him on Twitter at @Jared_Wade.
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