Reno De Medici to acquire Eska Group from Andlinger-backed Andes.

Reno De Medici, an Italy-based manufacturer of cardboard, agreed to acquire Eska Group, a producer of solid board based on recycled fibers, from Andlinger-backed Andes. Financial terms were not disclosed. “This transaction is consistent with the growth strategy we had set forth. It offers us new development opportunities on a broader geographical scale, reinforcing the resilience of our Group performances. Eska’s product line focuses on specialty grades, similar to the portfolio of Ovaro mill. With its integration in the RDM Group, we aim at implementing the same strategic multi-mill approach that has yielded visible benefits in our core WLC business. Additionally, the integration of this new acquisition enables us to consolidate and accelerate the successful go-to-market strategy that Eska has applied to its customer value offering in recent years," Michele Bianchi, RDM CEO.