In June, Daio Paper Corporation completed the previously announced acquisitions of two companies Özen Kişisel Bakım Ürünleri Üretim A.Ş. (Özen) in Turkey and Santher - Fábrica de Papel Santa Therezinha S.A., a manufacturer of personal care products in Brazil.
Ozen will now be known as Elleair International. The acquisition included a plant near Istanbul which is expected to boost Daio’s business in Turkey, where it has been selling its GOO.N brand of baby diapers since 2018. The business is also expected to help Daio expand its business in Russia and the Middle East.Meanwhile, Santher will now operate as an indirectly owned subsidiary of Daio through a joint venture between Daio and Marubeni, which hold a 51% and 49% stake, respectively. The two companies will expand the manufacture of sales of adult disposable diapers in Brazil, through the Santher operation, and extend premium products in the region. Through Santher, Daio and Marubeni seek to expand their business in H&PC to the entire South American market and furthermore to the African market in the future.
