Reno De Medici has signed a preliminary agreement with the German private equity fund, Quantum Capital Partners, for the acquisition of Barcelona Cartonboard SAU, a Spanish coated cartonboard producer.
Founded in 1967, Barcelona Cartonboard produces coated cartonboard from recycled fibre (WLC) and from virgin fibre (FBB), a business segment developed since the end of 2016. Headquartered 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 will allow the RDM Group to strengthen its presence in the Spanish market, to optimise its product portfolio and to further improve the level of service to current and new customers. Thanks to the proximity of the Barcelona plant to some of the major European converters, strategic customers will be served in a shorter time as well.
