Ontex agrees to sell business activities in Mexico to Softys for €285M
AALST-EREMBODEGEM, Belgium, July 29, 2022-
Ontex Group NV (Euronext: Ontex) (BSE:ONTEX), a leading international supplier of personal care products announces that it has entered into a binding agreement to sell its Mexican business activities for approximately €285 million to Softys S.A., a personal hygiene company with operations across Latin America. Softys is a wholly owned subsidiary of Empresas CMPC S.A., headquartered in Chile.
The transaction includes Ontex’s business in Mexico and related exports to regional markets as well as its manufacturing facility in Puebla, Mexico. The plant in Tijuana, Mexico remains within the Ontex portfolio as an integral part of Ontex’s North American supply chain footprint.
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