Pan America Finance No Comments

August 1, 2018

Painsa Holdings, S.A.

Painsa Holdings, S.A.

Acquisition of Papelera

Istmena S.A.

October 2010

Painsa Holdings, S.A. (“Painsa Holdings”) is an affiliate of Montreal-based Kruger Group and the parent company of Papelera Internacional, S.A., a Guatemala-based manufacturer and marketer of tissue paper products.

Pan American Finance advised Painsa Holdings on the acquisition of a majority stake in Papelera Istmeña S.A., the leading manufacturer and marketer of tissue paper products in Panama. With the acquisition, Painsa Holdings gains a foothold in the southern part of Central America and continues its regional expansion.