Portuguese paper company Portucel takes over paper producer AMS

Portuguese paper company Portucel has announced it has taken over tissue paper producer AMS for €80 million.

In a statement sent to Portugal’s financial regulation watchdog CMVM, Portucel revealed that by September it plans to “increase the production capacity of the company”, which produces around 80,000 tons of paper per year at its factory in Vila Velha de Ródão and employs 146 people.