THE BOARD OF DIRECTORS OF RENO DE MEDICI S.P.A. HAS APPROVED THE 100% ACQUISITION OF BARCELONA CARTONBOARD S.A.U.

18-06-2018

The Board of Directors of Reno De Medici S.p.A. has approved the 100% acquisition ofBarcelona Cartonboard S.A.U.

Barcelona Cartonboard is the largest cartonboard producer in Spain, one of the most important paper mills in Southern Europe and ranked seventh in Europe.

Founded in 1967, it 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.

This operation fits perfectly into RDM Group’s Vision to become the Partner of Choice for its main stakeholders founded on three strategic goals: offering superb products and service, optimizing costs and maximizing stakeholder’s satisfaction.

The acquisition of Barcelona Cartonboard will allow RDM Group to strengthen its One Company culture, based on a unique strategy for all Group companies, on the so-called multi-mill concept, on the optimization of both production and sales, and on technological implementation, reinforcing the ability to serve pan-European customers and security of supply.

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