CLOSING OF THE 100% ACQUISITION OF BARCELONA CARTONBOARD S.A.U.

31-10-2018

Reno De Medici S.p.A. announces the closing, finalized today, of the agreement with the German private equity fund Quantum Capital Partners for the 100% acquisition of Barcelona Cartonboard SAU, a Spanish company and ranked seventh in the coated cartonboard sector in Europe, following the announcement dated July 2, 2018 and the clearance obtained by the Antitrust Authorities.

The RDM Group, second-ranked European producer of cartonboard made of recycled fibers material, will strengthen its leadership in Southern Europe, thanks to the integration of Barcelona Cartonboard S.A.U., by optimizing its product portfolio and level of service offered to current and future customers, and benefitting from the proximity of the Barcelona plant to some of the major European converters.

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