Aalst, Belgium – Ontex Group NV said Tuesday it completed the sale of its Algerian business to Hygianis SPA, its local distributor for over 20 years. The transaction includes the production facility and business in Algeria, with cash proceeds of approximately €25 million.
CEO Gustavo Calvo Paz aims to focus on core markets in Europe and North America.
Personal Hygiene Solutions Maker Ontex “In The Top 10 of Belgian Patent Applicants”
Ontex North America President Paul Wood Elected to INDA Board of Directors