The news of the agreement was given by Chairman Ferruccio Gilberti, who has been the head of Gruppo Cordenons since 1984. Thanks to his expansion policy in international markets, the company has achieved its current results. With a portfolio of over 2,500 products, Gruppo Cordenons is established globally and its creative papers are distributed in 86 countries around the world. The company’s exports represent almost 70% of turnover.
"Becoming part of a global company like Bain Capital represents a strategic opportunity that will allow us to pursue our development targets with even more determination," says Enrico Caviglia, gm-Gruppo Cordenons. "This agreement will further enhance our resources, through the sharing of best practices whilst maintaining our identity. Gruppo Cordenons will continue to be managed as an independent company guaranteeing the business continuity and strengthening its market share."
Headquartered in Milan and with two production plants based in Northern Italy, Gruppo Cordenons employs nearly 300 staff and has an annual production of about 40 thousand tonnes. Its 2017 turnover was valued at around Euro 89 million.