Lecta completes recapitalisation to strengthen financial structure

Lecta Group announced the successful completion of a comprehensive recapitalisation transaction, marking a significant milestone in its ongoing transformation process. The operation, initially announced at the beginning of 2026, was implemented through the transfer of Lecta Paper Industries Intermediate Financing Sàrl to a newly incorporated UK-based entity (“Bidco”), which now serves as the holding structure for the Group and its subsidiaries.

The recapitalisation represents a key step in strengthening the Group’s position in the current market environment and introduces a revised organisational and financial structure. Among the main outcomes of the transaction is the completion of a corporate reorganisation into independently managed and financed business units: Specialties, Fine Paper and Distribution, and Self-Adhesives. Each unit will operate with dedicated financial structures, enabling tailored strategies aligned with their specific market dynamics.

The transaction also led to a significant reduction in outstanding debt and related cash interest payments, improving overall cash flow generation across all business areas. In addition, the Group’s liquidity position has been substantially reinforced, supporting both the operational transformation of the Specialties business unit and ongoing working capital requirements.

Further updates regarding the rebranding of the newly structured business units are expected in due course.

“We are very pleased that Lecta has achieved very robust support from its financial stakeholders to implement the Recapitalisation that is closed today. After this milestone, each business unit is financially solid and has a fully funded business plan,” said Javier Abad Marturet, Chairman of Lecta.

Gilles Van Nieuwenhuyzen, CEO of Lecta, added: “I am very pleased with the successful completion of the recapitalisation and the strong support of our key financial stakeholders. The business unit organisation will allow us to be more agile in our decision making, to compete more effectively, to be closer to our customers and our suppliers.”