Reno de Medici, Cascades Europe and Careo
become one company

Source: RDM
02 Jan 2017 − 

Reno de Medici and Cascades have combined their European businesses. The groups as well as their joint sales company Careo now form one unified company.

Reno de Medici, Cascades' European business and Careo have become one unified company. The newly formed company trades under the name of RDM, the companies report.

In June 2016, Reno de Medici took over Cascades' La Rochette plant which represented the completion of the business combination with the European assets of the Cascades Group. Now, the companies have been formally combined with the creation of RDM.

"[With the combination], we become more agile and flexible", said Michele Bianchi, the new RDM group CEO. "We want to strengthen our presence and visibility in Europe and overseas," he added.

RDM comprises six cartonboard production facilities in Europe. The group produces recycled as well as virgin fibre board which it sells to 70 countries and employs more than 1,500 people.

Find the entire article and any associated background information in EUWID Pulp and Paper no. 2 published on 11 January.

Our weekly newsletter's print and e-paper versions keep busy professionals up-to-date on the latest news from European pulp and paper markets.

Test EUWID Pulp and Paper free of charge and without any obligation by clicking here.

Tags of this news:

previous − Office Depot and Aurelius Group complete European operations-deal

UPM and Northern SC Paper divest Madison Paper Industries' mill assets  − next