Arjobex Synthetic Paper has been acquired by French private equity (PE) firm Prudentia Capital.
Arjobex is an international company that produces and sells high-end synthetic paper used for tags and labels for food, industrial or security applications, under the Polyart brand. Arjobex mainly addresses the labels and tags market, with a complete offer of customizable products for an array of specialized printing companies and distributors in various end-use markets. Arjobex is the number three company in the global market for synthetic papers and claims to occupy the number one position in Europe. Arjobex operates production and R&D sites, in Europe (France and Clacton-On-Sea, UK) and North America (Charlotte, North Carolina). It employs 160 globally. Last year, it celebrated 50 years of Polyart.
Prudentia Capital is an independent and privately-owned asset management firm based in Paris. Prudentia’s philosophy is based on a close relationship with management teams, a strong entrepreneurial spirit, and a firm commitment to transparency and accountability. The Prudentia Capital team has strong entrepreneurial, managerial and operational expertise, combined with significant experience in the public and public-private sector. This gives the PE firm the insight and tools to actively transform and develop companies.
Further, Prudentia’s partners represent three different nationalities (French, German, American), and this is reflected in its desire to support access to international markets for the companies it invests in. Through Prudentia’s partner network, it currently has representative offices in New York and Berlin in addition to its head office in Paris.
Roland Germain, founding partner of Prudentia Capital, said, ‘Arjobex is a profitable and innovative company, positioned on a growing market. We are pleased to bring our financial capabilities and operational know-how in order to enable the current management team to expand the business and reinforce its position as the European leader in its niche market.’
Prudentia Capital has acquired Arjobex from Arjowiggins Group. The investment by Prudentia Capital will also allow Arjobex to invest in its production facilities and add talent to its skilled employee base.
‘We intend to strengthen our presence with our longstanding base of clients and gain new ones, both in the distribution and specialised printing segments,’ commented Arnaud Roussel, Arjobex CEO.
