Privatization and new investments
In mid-1999, a tendering procedure was launched to privatize Fapajal, by then converted into a public limited company and dispossessed of Quinta da Abelheira. The tender was won by a group of Portuguese private investors with extensive experience in the industry as managers of Inapa Group and Papelaria Fernandes Group. The new owners made large investments, partly supported by PEDIP – Structural Programme for the Development of the Portuguese Industry. In 2016, a group of national investors purchased Fapajal from its former owners, with a view to modernizing the company’s infrastructures and processes, as well as to expand the company activity to new products, segments and geographies. Currently, following on the effective strategy of the previous Fapajal owners, the company is increasingly converting the paper it produces into finished product, intended for the away-from-home and at-home markets.