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LPC Group, the Leicester-based tissue manufacturer with 620 staff, is expected to be acquired by Sofidel of Italy.
Leicester Paper Company (LPC) is to acquire Duffel Mill, the Belgian paper products company with 160 staff, from Kimberly Clark for undisclosed terms.
Leicester Paper Company (LPC) is to set up a £40m paper products factory and warehouse on a 35-acre site at Rothley near Leicester.
LPC is to start recruiting 140 new employees at its paper mill in Leicester next February, following a £50m investment in a new mill and de-inking plant.