As announced by LeccoToday, Cartiera dell’Adda Group, a historic company in the province of Lecco and an Italian leader in the grey board sector for industrial use, announces the acquisition of 80% of Industria Cartaria Pieretti Spa, a company based in Lucca, Tuscany, specialising in the production of recycled boards intended mainly for the tissue sector.

The Paper District of Lucca, with a production about 900,000 tons per year, controls about 80% of the national production of tissue paper (17% of the European figure) and, with about 1,000,000 tons per year, a value close to 40% of the national production of corrugated cardboard (5% of the European figure).

This operation makes it possible to establish one of the largest European producers of grey cardboard, with two large plants, 300 thousand tons of cardboard produced per year, 120 million euros in turnover and 230 employees.