Here’s your weekly recap—the most viewed news stories on our site for the week ended July 22, 2023.
 
Cornerstone Investment Management and Kartesia have acquired Ecowipes, a leading European producer of bio-degradable wet wipes. This acquisition marks a significant milestone in both companies’ strategic commitment to ESG investing, which also involves the joint acquisition of Okechamp/Lutece last year.
 
Ecowipes is a pioneer in the field of producing biodegradable wet wipes made from sustainable natural materials with minimal environmental impact. The company has been an environmental and technological leader in the European wet wipes industry since 2011 and has built an excellent reputation for quality, sustainability and innovation.
 
In other news, The hygiene and health company Essity has completed the divestment of its operations in Russia for a purchase price of approximately SEK 1.2 billion on a cash and debt-free basis. Essity has thus exited Russia. Essity began work in April 2022 to exit the Russian market and in 2022 an impairment was carried out of the company’s assets in Russia of approximately SEK 1.7 billion.
 
Here are our top 3 most viewed stories from the past week:
 
1. Private Equity Firms Buy Ecowipes
 
2. Essity Exits Russian Market
 
3. Soft N Dry Tree-Free Diaper Brand Launched