Lecta Group Completes Recapitalisation to Strengthen Financial Position and Restructure Operations

Lecta Group announced the successful completion of a comprehensive recapitalisation transaction initially unveiled on January 2, 2026, marking a significant step in its financial and operational transformation.

The recapitalisation was executed through the transfer of Lecta Paper Industries Intermediate Financing Sàrl to a newly established UK-based holding company, referred to as Bidco. The move restructures the group into independently managed and financed business units.

Under the new structure, Lecta will operate across three distinct divisions: Specialties, Fine Paper and Distribution, and Self-Adhesives. Each unit will function with separate financing arrangements, ensuring creditors to one business area have no recourse to others. The company said this approach is designed to better align with differing market dynamics and enable tailored strategic execution.

The transaction also delivers a substantial reduction in the group’s outstanding debt and associated cash interest payments, improving overall cash flow generation. Additionally, liquidity has been significantly strengthened to support the operational transformation of the Specialties unit and to meet ongoing working capital needs.

Chairman Javier Abad Marturet said the company received strong backing from financial stakeholders, adding that each business unit is now “financially solid” with fully funded business plans.

Chief Executive Officer Gilles Van Nieuwenhuyzen stated that the new organisational model will enhance agility, improve competitiveness, and bring the company closer to customers and suppliers.

Lecta added that the independent business units will be rebranded, with further details to be announced at a later stage.