Apollo Global completed the acquisition of a 67% stake in Reno De Medici from CDPQ and Cascades for $433m.

Apollo Global completed the acquisition of a 67% stake in Reno De Medici, a recycled cartonboard producer in Europe, from CDPQ and Cascades, a Canadian company that produces, converts, and markets packaging and tissue products, for $433m. “As the inaugural investment led by the Apollo Impact platform, RDM reflects our strategy to find good businesses where we believe we can drive financial and impact performance to increase their beneficial effects on society and the planet," Marc Becker, Apollo Impact Senior Partner and Co-Lead.