Albaad buys Spanish wet wipes co Optimal Care

Israeli non-woven fabric hygiene products manufacturer Albaad Massuot Yitzhak Ltd. (TASE: ALBA) has announced the signing of an agreement to acquire Spanish wet wipes manufacturer Optimal Care for €40 million (NIS 160 million). Albaad, which produces wet wipes and tampons, has benefitted in the rise in products sales over the past 15 months due to the Covid-19 pandemic.