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Codi Group acquired by Active Capital Company

18 May '17

2 min read

Courtesy: CODI

Codi Group, firm developing, producing and marketing wet wipe products for a wide range of consumer applications, servicing both A-level consumer brands and retailers, has been acquired by Active Capital Company (ACC), an independent hands-on private equity firm. ACC has bought a majority stake in Codi Group from Value Enhancement Partners.

"We are very happy to step-up our growth initiatives and realise our ambitious strategy. Over the last years Codi has successfully focused on internal optimisation and broadening our customer base to create a solid platform for future growth. With the investment from ACC out of its new fund, we have ample time and funds to realise our growth targets, both autonomous and via add on acquisitions," said Codi Group CEO Erik van Deursen.

"Codi fits perfectly in the investment focus of ACC and we are happy to support the company in achieving its goal to becoming a top 3 player in Europe. We look forward to working with the team and accelerating the Codi strategy based on three pillars of sustainability, consumer insights and technological innovation," shareholders Victor Schols, investment director at ACC said.

At Codi Group's production facilities in Veenendaal and Venray (the Netherlands), nonwovens are converted into various high-end products with flexible and innovative packaging options. (RR)

Fibre2Fashion News Desk – India