Paper Group of Paraná can be sold by R $1 billion

The manufacturer of Sepac paper to sell control of the company, it was found the State with three sources familiar with the matter. Evaluated in R $1 billion by the market, the company is on the radar of foreign groups, like the American Kimberly-Clark and Chile's CMPC. Founded in the years 1970, Sepac was created by brothers doctors and now has hired the Investment Bank Itaú BBA to seek alternatives to the deal, according to people familiar with the operation. Specializing in tissue paper (used for the production of toilet paper, paper towels and Kleenex), the company, which grossed R $800 million in 2017 has recently completed an investment for the construction of unit of disposable diapers in your complex industrial, in the town of Mackenzie, southern region of Paraná. With focus in the southern region, the Sepac 164,200 tons of paper produced in 2017, according to the company's website. Company data for 2018 have not yet been published. Sources have said to state that the movement of consolidation in the pulp and paper sector, driven by the merger of Giants Suzano and Fibria, coupled with high cellulose prices in the international market, are factors that stimulate smaller firms-good part of family management – to sell their assets. Sources have said to state that the movement of consolidation in the pulp and paper sector, driven by the merger of Giants Suzano and Fibria, coupled with high cellulose prices in the international market, are factors that stimulate smaller firms-good part of family management – to sell their assets.