RDM Group has signed an agreement to acquire Fiskeby International Holding AB.
The pending acquisition by RDM Group presents access to the benefits of being part of a larger well respected organization and will enhance our technical resources and market position. Reno De Medici brings both a strong presence in the WLC market and a deep know-how of board manufacturing. Fiskeby fits into RDM´s growth strategy building upon our existing success and present new opportunities for the future. RDM is a major producer in the WLC market and have 9 plants and 4 sheeting centres.
RDM believes that Fiskeby is well-positioned to benefit from the plastic substitution trend, offering in-house extruding and laminating capabilities ready for the development of new products.
Michele Bianchi, CEO of RDM Group, stated: “The acquisition we are announcing today demonstrates RDM Group’s commitment to growing its market share in the recycled board market, to enhance the security of supply and to be able to serve pan-European customers in a multi-mill reinforced approach. We believe our recycled board offering is answering to the societal request to use more responsible recycled materials. Our reusable, recyclable and biodegradable product portfolio responds to societal trends with respect to the environment and the need for everyday essential packaging solutions.
After couple of years of disruptive events, we are experiencing a major shift in economic trends and solution requirements, and our acquisition demonstrates the Group’s affirmative belief that fibre-based materials will continue to grow over the long-term”.
The transaction is expected to close by the third quarter, subject to anti-trust clearance
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