Banning advises RDM Group in acquiring Eska Group, global leader of solid board
09 juni 2021
Banning is very proud to be able to advise RDM in this strategic acquisition. The deal team consists of Henk Brat, Minos van Joolingen and Suzanne Lodder. Francesco Guatelli of Intesa Sanpaolo (IMI Corporate & Investment Banking division) acts as financial advisor of RDM.
Reno De Medici S.p.A. has signed an irrevocable commitment to acquire 100% of the share capital of Fineska B.V., the Dutch holding company of “Eska” Group. The seller, Andes C.V. is a vehicle controlled by the US investment firm Andlinger & Co. The commitment to underwrite a preliminary agreement for the acquisition of 100% of the share capital of Eska Group is subject solely to completion of Dutch employee representative consultation procedures. Upon fulfilment of such condition, a binding agreement to purchase 100% of the share capital of the holding company Fineska B.V. will be signed.
RDM Group is the second largest European producer of coated recycled cartonboard, the largest in Italy, France and the Iberian Peninsula. The Group is listed on the Star Segment of the Borsa Italiana S.p.A. and Madrid Stock Exchange Market.
The Eska Group is a global leader in the production of solid board based on 100% recycled fibers in its two factories located in The Netherlands (in Sappemeer and Hoogezand), with an overall installed yearly capacity of 290,000 tons. Solid-board applications range from luxury packaging to bookbinding, from puzzles & games to stationery.
A link to the associated press release can be found here.
Banning congratulates RDM on this acquisition.