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Bain Capital to acquire Italy's Gruppo Cordenons

28 May 2018 − 

Bain Capital Private Equity is continuing its shopping spree in Italy with the acquisition of speciality paper company Gruppo Cordenons.

Following the acquisition of Fedrigoni group, the Boston-based investment firm Bain Capital Private Equity will add another Italian paper company to its portfolio. Bain Capital informed that, through the Fedrigoni Holding, it has entered into a definitive agreement to acquire speciality, packaging, publishing and printing paper manufacturer Gruppo Cordenons.

According to a press release on 28 May, Gruppo Cordenons is to be acquired and managed as an independent company. "However, over time, Fedrigoni Group shareholders see a significant opportunity to share best practices, increase operational know how and improve service and innovation by strengthening its range of high value added special papers and key relationships with customers, supplemented by a brand that is widely recognized on international markets," Bain Capital announced.

Find the entire article and any associated background information in EUWID Pulp and Paper 22/2018.

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