SETUBAL, Portugal, May 15, 2024-

The Navigator Company has completed the acquisition of all the shares representing the share capital of Accrol Group Holdings plc ("Accrol"), a leader in the tissue paper converting segment in the United Kingdom, producing toilet rolls, kitchen rolls and own-brand facial tissues for most of the main UK retailers.

The result of the offer was announced today, after Accrol's General Meeting. The final offer was approved by more than 75% of the votes in favour, enabling the acquisition of 100% of the company's share capital. Accrol’s acquisition is expected to be effective on 24th May.

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