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Private equityPortfolio & Strategy 16 Oct 2026

Asia Pulp & Paper and CVC weigh bids for Essity tissue unit

Asia Pulp & Paper and CVC Capital Partners are separately weighing bids for Essity's consumer tissue division, with RGE also named as a potential bidder, Bloomberg reported citing people familiar with the process. The business, which includes the Cushelle, Tempo and Tork brands, could be valued at around EUR 3bn (USD 3.4bn), and a sale process is expected to start this month. Essity says its strategic review remains open and it may decide not to divest.

Why this mattersA sale would transfer the Cushelle, Tempo and Tork brands from Essity to an Asian pulp and paper group or a financial sponsor, changing ownership of a major European tissue portfolio.

  • Asia Pulp & Paper and CVC Capital Partners are separately considering bids for Essity's consumer tissue division, according to Bloomberg sources
  • RGE is also named as a potential bidder
  • The tissue business, including the Cushelle, Tempo and Tork brands, could be valued at around EUR 3bn (USD 3.4bn)
  • The sale process is expected to start this month
  • Essity says its strategic review remains open, including the possibility of not divesting
Essity Sinar Mas Group counterparty RGE counterparty CVC Capital Partners counterparty
Sources es.marketscreener.com ES
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Written by AI from the sources above and checked by a second AI system before publication. No human wrote or edited this story. How it is made.

Updates

  • 2026-10-17 · Edited before publication: Key fact 1 adds 'Sinar Mas Group', which is not in the source; removed. Conversion of EUR 3,000m to USD 3,376m checked and correct.
  • 2026-10-17 · Edited before publication: The source says 'around EUR 3bn', so the conversion is rounded to the same precision: USD 3.4bn, not USD 3,376m.