News

ESP becomes part of the Lucart Group

Dear Customer

We are pleased to inform you that, Essential Supply Products Ltd (ESP) has been acquired by Lucart S.p.A, the operational holding company of Lucart Group.

The acquisition, which was completed on Friday 26th February, will see ESP become part of one of Europe’s largest tissue producers to the ‘away from home’ market.

Like ESP, Lucart is a family-owned company who share the same key values, with a strong emphasis on protecting the environment and offering consistent, quality products.

Carl Theakston who founded ESP in 1989 couldn’t be happier with the transaction. ‘After over 30 years, ESP is like one of my children so it was important to choose the right company to look after it. This transaction offers job security for all 85 staff and provides them with fantastic opportunities. For our customers, we will now have access to sustainable paper from multiple paper mills, which will further enhance our quality and consistency. I am proud of how far we have come alone and now incredibly excited about what we can achieve as part of the second biggest ‘away from home’ manufacturer in Europe.’

Lucart already have 9 locations across Europe but this will see them fully integrate into the UK Market for the first time. Here are some key facts about Lucart

  • Founded in Italy in 1953, with headquarters in Lucca, Tuscany
  • 12 Paper Mills and over 55 Converting Lines located in Italy, France, Hungary, Spain and now the UK
  • Employing 1685 Staff
  • Estimated Turnover of £575m

Francesco Pasquini (Lucart Chief Sales & Marketing Officer) states ‘The initial priority of Lucart Group is to support the ESP management team, ensure continuity for all ESP customers, and gradually introduce in the British market the unique innovations that characterize the Lucart international offer.’

Craig Williams (ESP Sales Director) adds ‘This is a really exciting time in the development of ESP! The DNA of ESP will remain the same, but being part of such a large group will also bring many exciting opportunities. This will ensure we can meet the needs of every distributor in the UK, no matter how big or small.’

If you have any questions, please do not hesitate to contact your account manager.

Craig Williams Signature

Craig Williams
Sales Director of ESP

Francesco Williams Signature

Francesco Pasquini
Chief Sales & Marketing Officer of Lucart

A copy of this is available for download ESP & Lucart Customer Letter.

Lucart breaks the Brexit barrier, the Group's internationalisation plan continues in the UK

Lucart has acquired 100% of the share capital of Essential Supply Products Ltd, Britain's leading independent manufacturer of professional hygiene products

Lucart S.p.A., the Lucart Group head company based in Porcari (Lucca, Italy), has announced the acquisition of 100% of the share capital of ESP Ltd (Essential Supply Products Ltd.), the leading independent manufacturer of tissue paper products for the Away from Home market in Great Britain. The acquisition was sealed on 26th February 2021 and will be officially effective on 1st March 2021.

Founded in 1990, the headquarters and production plant of Essential Supply Products Ltd are based in Malvern, in Worcestershire. Today, the company has a turnover of around 30 million Euros per year. The manufacturing plant was set up in 2017-18 and is spread over an area of 77,000 sq.m., of which 15,000 sq.m. is covered. The company employs 85 people on five different processing lines. Its position, market and production type will allow important synergies to be activated with the other plants of the Lucart Group. The relationship between Lucart and ESP goes back a long way as some of the paper processed at the Malvern site comes from the Lucart mills. 

The acquisition of ESP Ltd is fully in tune with Lucart's development and internationalization plan, decisively contributing to consolidating its position as a primary player in the European Away from Home hygiene products market.

"The operation is of strategic importance for the entire Group because it allows us to consolidate our presence in Great Britain, that is the second-largest market in Europe for tissue paper products", Massimo Pasquini, CEO of Lucart commented. "Our financial solidity and our willingness to pursue the strategic objectives of the Group, together with the awareness that the difficulties related to the historical moment we are living should not make us lose sight of our long-term vision", Pasquini added. "We have overcome even the uncertainties generated by Brexit and the COVID-19 pandemic, completing this important further step for the future development of the Lucart Group".

Carl Theakston Founder of ESP Ltd, who will be collaborating in person to facilitate the handover, commented on the milestone: "Over the years, we have made numerous transactions to allow ESP to continue to compete at the highest level. However, I realised that the standard of investment required to make my ambitions for this company a reality needed an investor who shared ESP's family values and had the vision and desire to grow the company sustainably and to its full potential. Lucart is a family-owned multinational group that has been operating for 68 years", Theakston concluded, "Its history, vision and commitment to sustainable development models make it the ideal investor for ESP's adventure to continue in the best possible way."

A copy of this is available for download ESP & Lucart Joint Statement.