Read has announced the spin-off of its Self-Adhesive Business Unit from Torraspapel SAU This spin-off will be formalized as of January 1, 2025 and involves the creation of the new company Lecta Self-Adhesives Spain, SLU, an entity that will assume all activities, agreements and commercial relations relating to the Group's self-adhesive products business.
This strategic decision by the company is a response to the evolution and specialisation of the Lecta Group in recent years, which has already included the spin-off of its Distribution business in southern Europe and is now being implemented in its self-adhesive materials unit. With this new structure, Lecta seeks to optimise the management and profitability of the business through specialisation, increase production efficiency and analyse and adapt the opportunities of each business unit to the demands of the market and the needs of its customers.
Lecta Self-Adhesives España, SLU will take over the position of Torraspapel SAU in all agreements and commercial relations related to its self-adhesive business unit, and all assets related to this area will also be transferred universally. Lecta Self-Adhesives España SLU will maintain its headquarters in Barcelona, Spain.