RdM to sell La Rochette

0

RdM has taken the decision to exit from their virgin fibre FBB business to concentrate on recycled cartonboard with the sale of its La Rochette mill to Bonaparte Holding SAS, a company established under French law and controlled by Mutares SE & Co. KgaA, an investment holding listed on the Frankfurt stock exchange and specialized in the acquisition and reorganization of medium-sized companies.

La Rochette, France, 140 km from Lyons, the company has a theoretical capacity of 165,000 tons of virgin-fiber FBB. The plant operates with two paper machines and can produce a wide range of products of different grammages.

.Michele Bianchi, RdM CEO, commented: “With the exit from FBB segment (Folding Box Board – cartonboard for folding boxboard based on virgin fibers), RDM Group can actually concentrate resources and energies on what is the real focus of the Group itself, WLC segment (White Lined Chipboard – paperboard coated packaging on a recycled base)”.

Company profile Mutares SE & Co. KGaA:

Mutares SE & Co. KGaA, Munich (www.mutares.de), as a listed private equity holding company with offices in Munich (HQ), Frankfurt, Helsinki, London, Madrid, Milan, Paris, Stockholm and Vienna, acquires medium-sized companies and parts of  larger groups with headquarters in Europe that show a clear potential for operational improvement and are sold again  after undergoing a repositioning and stabilization process. Mutares actively supports and develops its portfolio companies with its own investment and consulting teams as well as through acquisitions of strategic add-ons. With for aim a ROIC (Return on Invested Capital) of 7 to 10 times on the total investment with a focus on sustainable growth of the portfolio companies. In 2020, Mutares SE & Co. KGaA expects generated consolidated revenues of approx. EUR 1.8 billion employing more than 15,000 people worldwide. Based on this, consolidated revenues are expected to increase to approximately EUR 3.0 billion by 2023. Mutares is strongly committed to a sustainable dividend policy consisting of a base dividend and a performance dividend, which has been stable above 10% dividend yield in the past years. The shares of Mutares SE & Co. KGaA are listed on the Frankfurt Stock Exchange under the ticker symbol “MUX” (ISIN: DE000A2NB650).

For further information please contact:

Mutares SE & Co. KGaA

Investor Relations

Tel. +49 89 9292 7760

www.mutares.com

Share.

Comments are closed.