Ontex finalizes the sale of its business in Algeria


Ontex finalizes the sale of its business in Algeria

Ontex, a leading international developer and producer of hygienic products and solutions, has announced the completion of the divestment of its Algerian business to Hygianis SPA, its local distributor for over 20 years. The transaction includes Ontex’s production facility and business in Algeria, as well as related exports to certain neighboring countries.

Gustavo Calvo Paz, CEO of Ontex, stated that this transaction allows Ontex to focus more on the strategic roadmap for its Core Markets of Europe and North America, where there is significant growth and margin improvement potential. He expressed his best wishes to the team in Algeria as they embark on this new chapter in their story.

The cash proceeds from the divestment, prior to taxes and transaction costs, amount to approximately €25 million and are subject to customary post-closing adjustments. Ontex is a leading international developer and producer of hygienic products and solutions, specializing in baby care, feminine care, and adult care. Their products are distributed in around 100 countries under leading retailer brands, lifestyle brands, and Ontex brands. With a workforce of around 7,500 employees worldwide, Ontex has a presence in 20 countries, with its headquarters in Aalst, Belgium. Ontex is listed on Euronext Brussels and is part of the Bel Mid®. For the latest news, visit ontex.com or follow Ontex on LinkedIn, Facebook, Instagram, and YouTube.

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