MUNICH: Mutares SE & Co. KGaA has completed the acquisition of RDM La Rochette S.A.S. from the Italian Reno De Medici (RDM) Group.

La Rochette is located in Valgelon-La Rochette, France and produces Folding Boxboard based on virgin fibers (FBB).

The company is the main producer in the FBB market in Southern Europe, with France being the key market. La Rochette serves mainly the pharma and food packaging industries. The products are sustainable and eco-friendly. With its historical presence and solid market position, the company generates revenues of approx. EUR 120 million and employs around 300 people.

The FBB market is growing rapidly in Europe, since FBB can substitute for plastic and offers the best safety standard when food is in direct contact with the packaging.

Johannes Laumann, CIO of Mutares comments: “La Rochette fits perfectly into the portfolio of Mutares. With our extensive experience in the paper industry, especially with Cenpa and keeeper Stotzheim, producing recycled board and tissue paper respectively, I am convinced that we are the right partner and have the industry expertise to leverage La Rochette’s potential and generate new growth.”