Paper manufacturer Lecta Group has announced the completion of a recapitalisation transaction, originally outlined on 2 January 2026.
The company stated that the process involved transferring Lecta Paper Industries Intermediate Financing Sàrl to a newly incorporated UK entity, referred to as “Bidco,” which now holds the group and its subsidiaries.
According to the company, the recapitalisation forms part of its broader transformation strategy aimed at strengthening its position in current market conditions. The transaction includes the completion of a corporate reorganisation into three independently managed and financed business units: Specialties, Fine Paper and Distribution, and Self-Adhesives. Creditors to each unit will not have recourse to the others, allowing for more tailored strategies across the divisions.
The group also reported a reduction in outstanding debt and cash interest payments, which is expected to improve cash flow generation. In addition, the recapitalisation is intended to enhance liquidity, supporting operational transformation in the Specialties unit and covering working capital needs.
The company noted that the independent business units will be rebranded, with further details to be announced at a later date.
Chairman of Lecta Javier Abad Marturet said: “We are very pleased that Lecta has achieved very robust support from its financial stakeholders to implement the recapitalisation that is closed today. After this milestone, each business unit is financially solid and has a fully funded business plan.”
Chief executive officer of Lecta Gilles Van Nieuwenhuyzen said: “I am very pleased with the successful completion of the recapitalisation and the strong support of our key financial stakeholders. The business unit organisation will allow us to be more agile in our decision making, to compete more effectively, to be closer to our customers and our suppliers.”
