We are drowning in plastic. Did you know that virtually half the plastic ever manufactured has been made in the past 15 years? This trend has not gone unnoticed by consumers who are becoming increasingly upset at a large number of disposable plastics produced every year. At the epicenter of the plastic debate is your local grocery store. An average supermarket contains row after row of plastic packaging on their shelves not to mention those plastic bags at the checkout stand. To be fair, grocery retailers have been quick to reduce or eliminate obvious plastic waste. But much more could be done. Monadnock Paper Mills is working to reduce our plastic dependence at the Grocery store with Envi Portfolio, a line of plastic-replacement products that are paving the way for a more sustainable future for grocery retailers. In a world that’s demanding less plastic, Monadnock identified a need for a line of high-performance, renewable paper products that were purposefully engineered to replace plastic in grocery stores. The renewable ENVI Paper Gift Card, Channel Strip, and Point-of-Purchase (P-O-P) Signage were conceived with the needs of the industry in mind. Envi replaces the vinyl, plastic, polystyrene, and PVC products often used in grocery retail environments and can bring new life to any grocer’s sustainability mission.
Bain Capital Private Equity, a leading global private equity firm, through Fedrigoni Holding Ltd, has entered into a definitive agreement to acquire Gruppo Cordenons, a leading international manufacturer of high end specialty papers for luxury packaging and premium publishing applications. The transaction remains subject to customary regulatory approvals, as the company says in the press release received by Lesprom Network.
Gruppo Cordenons will be acquired and managed as an independent company. However, over time, Fedrigoni Group shareholders see a significant opportunity to share best practices, increase operations know-how and improve service and innovation by strengthening its range of high value-added special papers and key relationships with customers, supplemented by a brand that is widely recognized on international markets, where Gruppo Cordenons generates almost 70% of its turnover.
Ferruccio Gilberti, Gruppo Cordenon Chairman and CEO, stated, “Bain Capital’s goal to create a first-class global player in high-end specialty paper will allow Gruppo Cordenons to face, with even more determination, an increasingly global and competitive market while maintaining independence of the “Cordenons” brand.”
Gruppo Cordenons is a leading Italian paper mill producing fine and technical papers.