THE PRELIMINARY AGREEMENT FOR THE 100% ACQUISITION OF BARCELONA CARTONBOARD S.A.U. WAS SIGNED

02-07-2018

Reno De Medici has signed the preliminary agreement for the 100% acquisition of Barcelona Cartonboard SAU, a Spanish company and ranked seventh in Europe in the coated cartonboard sector, with the German private equity fund Quantum Capital Partners.

Founded in 1967, Barcelona Cartonboard S.A.U. operates in the business of coated cartonboard produced from recycled fiber (WLC – White Lined Chipboard) and, secondly, from virgin fiber (FBB – Folding Box Board), a business segment developed since the end of 2016. Headquartered and with production plant in Castellbisbal, Catalonia, the company has an annual production capacity of 180,000 tons and it employs approximately 230 people.

The acquisition of Barcelona Cartoboard S.A.U. will allow the RDM Group to strengthen its presence in a well-known market, to optimize its product portfolio and to further improve the level of service to current customers and new ones. In fact, thanks to the proximity of the Barcelona plant to some of the major European converters, strategic customers will be served in a shorter time. This operation fits perfectly into RDM Group’s Vision to become the Partner of Choice for its main stakeholders.

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