The GVH Approves Vajda-Papír's Acquisition of Sofidel's Private Label Household Paper Business in Hungary
The Hungarian Competition Authority (GVH) has approved, without commitments or conditions, the acquisition of Sofidel Hungary Kft.’s private label household paper manufacturing and partial sales business by Vajda-Papír Kft. The GVH concluded that the merger does not significantly reduce competition in the relevant markets, therefore one of the most important regulatory conditions is fulfilled for the closing the transaction.
Attila Vajda, founder and managing director of the Vajda-Papír Group, stated that the objective of the transaction is to further strengthen the company's regional presence in the household paper market, as well as to increase service and supply security by expanding production capacity


