Gonzalez Calvillo, May 9th, 2023 – Our M&A experts represented Ontex Group (Euronext: Ontex), a leading international supplier of personal care products headquartered in Brussels, Belgium, in their divestment of certain of its Mexican business activities (Grupo PI Mabe), for a total net amount of €265 million, to Softys, a personal hygiene company with operations across Latin America and part of Empresas CMPC, headquartered in Chile. Additionaly, our Antitrust team advised Ontex in the merger control procedure before Cofece, in connection with the sale of its Mexican business of infant diapers, feminine hygiene products and adult incontinence products to Softys.
The transaction includes Ontex’s manufacturing facility in Puebla, Mexico, its branded business in Mexico as well as related exports to certain regional markets. The business purpose of the transaction employs around 1,000 blue-collar employees and 350 white-collar employees.
Ontex’s manufacturing facility in Tijuana, Baja California, Mexico, will remain with Ontex and will form an integral part of Ontex’s North American operations.
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