Sofidel Acquires Royal Paper’s Assets

Cleary Gottlieb represented Sofidel America Corp. (Sofidel) in its acquisition of substantially all of the assets of Royal Interco LLC (Royal Paper) and its direct and indirect subsidiaries.

The asset purchase agreement was signed on May 20, 2025, and the transaction closed on June 16, 2025.

Royal Paper filed Chapter 11 petitions under the Bankruptcy Code on April 8, 2025, and subsequently conducted an auction for the purchase of the assets of Royal Paper. Sofidel was declared the successful bidder at the conclusion of the auction on May 15, 2025, and its acquisition was approved by the U.S. Bankruptcy Court on May 22, 2025.

Founded in 1966, the Sofidel Group, headquartered in Porcari (Lucca), Italy, is one of the world leaders in the production of paper for hygiene and domestic use.

Founded in 1992 and headquartered in Phoenix, Arizona, Royal Paper is a private label and branded tissue manufacturer for retail and commercial customers.

For more information, please see the press release.