Ballarpur Industries to acquire Premier Tissues

Ballarpur Industries Limited (BILT), part of Avantha Group, recently announced the signing of definitive agreements to acquire Bangalore-based Premier Tissues India Limited (PTIL). The deal has been closed at an enterprise value of around Rs 75 crore, which on an estimated EBITDA of Rs 9.6 crore for the year term 2010-11 gives an EV/EBITDA multiple of about eight.

BILT is India’s largest manufacturer and exporter of paper, with a strong presence in all segments of the usage spectrum, including writing and printing (W&P) paper, industrial paper and specialty paper, including tissue.