Bain Capital to acquire Gruppo Cordenons
Bain Capital Private Equity, through Fedrigoni Holding Ltd, has entered into a definitive agreement to acquire Gruppo Cordenons, a leading international manufacturer of specialty papers.
Gruppo Cordenons will be acquired and managed as an independent company. However, over time, Fedrigoni Group shareholders see a significant opportunity to share best practices, increase operations 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, where Gruppo Cordenons generates almost 70% of its turnover.
Ferruccio Gilberti, Gruppo Cordenon Chairman and CEO, stated, “Bain Capital’s goal to create a first-class global player in high-end specialty paper will allow Gruppo Cordenons to face, with even more determination, an increasingly global and competitive market while maintaining independence of the “Cordenons” brand.”
Gruppo Cordenons is a leading Italian paper mill producing fine and technical papers.
