Procter & Gamble sells European tissue and towel business
Client(s) Procter & Gamble Company, The
Jones Day advised The Procter & Gamble Company in the €512 million (US$672 million) sale of its European tissue and towel business to Svenska Cellulosa AB. The acquisition included Procter & Gamble's facilities located in Manchester (England), Witzenhausen and Neuss (Germany), Orléans (France), and Lucca (Italy), which had a total of approximately 1,100 employees. In addition to M&A representation, Jones Day provided antitrust, employee benefits, environmental, intellectual property, and real estate advice regarding this transaction.