Vajda-Papír acquires Sofidel Hungary’s household paper business

Vajda-Papír announced that on November 7, 2025, it signed a purchase agreement with Sofidel Hungary Kft. to acquire Sofidel’s Hungarian household paper processing business, subject to certain conditions (including the approval of the Hungarian Competition Authority). The financial closing of the transaction is expected in the second quarter of 2026, after obtaining the necessary regulatory approvals. With the planned acquisition, Vajda-Papír can further strengthen its presence in the regional household paper market and expand its production capacity and product portfolio.

According to Vajda-Papír’s previous statement, the group’s net sales in the first half of 2025 increased by 11.8 percent and pre-tax profit by 17 percent compared to the same period of the previous year. In the first six months of the year, consolidated sales were 38 billion forints, after 34 billion forints a year earlier, and EBITDA was around 4.1 billion forints, similar to the first half of last year. Consolidated pre-tax profit increased from 3.2 billion forints in the first half of 2024 to 3.7 billion forints. In the first half of 2025, the company sold 27,519 tons of finished goods, 16 percent more than a year earlier. While the domestic consumer market declined slightly by -1 percent, the export volume increased by 34 percent and public sales by 13 percent.

The Vajda-Papír Group is present in Central and Eastern Europe, the Baltics and Scandinavia, exports its products to more than 30 countries, employs more than 700 employees at the group level, and has three locations in Hungary and one in Norway. With an annual production capacity of 140 thousand tons, Vajda-Papír, which is 100 percent Hungarian family-owned, produces 55-60 percent of domestic demand and exports 60 percent of its production abroad. In addition to European countries, it also exports to Asia and the Caribbean.

According to publicly available company data, Sofidel Hungary, which has a plant in Lábatlan, employs 177 people in Hungary, and its net sales at the end of last year exceeded 11.86 billion forints, after 12.6 billion forints the previous year. Sofidel Hungary Kft. was established in 2016 with the acquisition of Forest Papír Kft. The Sofidel Group is headquartered in Porcari, Italy (Lucca province), and is one of the world’s leading hygiene and household paper manufacturers.