On December 7, 2010, Saudi Paper Manufacturing Co. acquired 85 percent stake in Kuwait’s Roots Factory for Tissue Paper Manufacturing.
|Deal Value||Method of Finance||Type||Status|
|9.30 Million USD||Internal Resources||Acquisition||Completed|
|Saudi Paper Manufacturing Co. - SPM|
|Argaam Sector||Paper Products|
|*Market Cap (Million SAR)||371.68|
|Roots Factory for Tissue Paper Manufacturing - Roots Factory for Tissue Paper Manufacturing|
|*Market Cap (Million SAR)||-|
|Expected date for Completion||07-12-2010|
Saudi Paper Manufacturing Co. purchased another paper factory in Turkey with an output capacity of 14,000 tpa for SAR 26 mln. The company plans to build a paper plant in Morocco with an output capacity of 11,000 tpa with estimated investment of SAR 40 mln.
* Roots Factory for Tissue Paper Manufacturing started operation in Kuwait in 2000.