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    Breaking News

    Active Capital Company Acquires Codi Group

    New ownership will prepare wet wipes producer for the next step

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    05.15.17
    Active Capital Company and management is acquiring a majority stake in Codi Group from Value Enhancement Partners (VE Partners) for an undisclosed sum. Codi makes and produces wet wipes for a wide range of consumer applications, serving both high end consumer brands and retailers from production sites in Veenendaal and Venray, The Netherlands.

    VE Partners has owned Codi since 2013, when it purchased the company from Suominen. Since then, Codi has grown fast, both autonomously and via the acquisition of Incare in Venray.

    “We are very happy to step up our growth initiatives and realize our ambitious strategy,” says CEO Erik van Deursen. “Over the last years, Codi has successfully focused on internal optimization and broadening our customer base to create a solid platform for future growth. With the investment from ACC out of its new fund, we have ample time and funds to realize our growth targets, both autonomously and via add-one acquisitions.

    Codi combines the 60-year-old business of Codi International and Incare as well as Sweeps, a unique wet wipes brand formed in 2014 based on natural fibers targeting consumers on-the-go via multiple convenience channels. Under its new ownership, Codi hopes to achieve its goal of becoming a top three player in Europe.

    Based in Amsterdam, ACC focuses on companies that are headquartered in the Netherlands, operating in industrial goods and services and having a  revenue between €10-80 million.  The company has experience in nonwovens-related goods, in January, the company sold Lantor, a maker of nonwovens for the cable and composites industry, two years after purchasing it. Under ACC’s ownership, Lantor grew quickly both in the Netherlands and abroad and was sold sooner than expected when a knowledgeable investor, Cathay Investment, was found.
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    Related Breaking News

    • Machinery and Equipment | Western Europe

      GDM To Host Innovation Week in May

      The company will showcase its portfolio of solutions and services across several formats
      04.19.18

    • Wipes

      Diamond Wipes Partners with USA Table Tennis

      Develops new line of wipes for the sport
      04.19.18

    • Product Improvement/Innovation | Wipes

      Hero Wipes EMS Launch

      Wipe effectively cleans and kills 99.9% of germs to reduce the risk of infection from bloodborne pathogens
      04.19.18


    • Mergers and Acquisitions

      P&G Reports Sales Growth

      Also announces the acquisition of Merck’s Consumer Health Business
      04.19.18

    • Western Europe

      European Nonwovens Production is Up 4.3%

      EDANA releases results for 2017
      04.18.18

    • North America | Shows/Events | Wipes
      INDA Announces WOW Award Finalists

      INDA Announces WOW Award Finalists

      three products will vie for honor at Chicago conference
      04.18.18


    • Diaper, Baby | Facilities/Capacity | Western Europe
      Drylock Expands European Production

      Drylock Expands European Production

      Will invest €200 million in two sites
      04.13.18

    • Facilities/Capacity | Feminine Hygiene | North America | Wipes
      Albaad Expands U.S. Operations

      Albaad Expands U.S. Operations

      Israeli wet wipes and hygiene manufacturer investing $45 million in North Carolina
      04.11.18

    • Fibers | Mergers and Acquisitions

      Staplcotn Buys 50% Stake in TJ Beall

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      04.10.18


    • Facilities/Capacity | Western Europe

      Ahlstrom-Munksjö Announces Investment Projects

      Company will make improvements to Billingfors and Aspa plants in Sweden
      04.10.18

    • Wipes

      Study Links Baby Wipes Usage with Food Allergies

      Northwestern researcher links mix of genetic, environmental factors to childhood allergies
      04.09.18

    • Facilities/Capacity | Western Europe

      Essity Restructures in Spain

      Will close Consumer Tissue production facility in La Riba, as well as a tissue machine in Allo
      04.05.18

    • Facilities/Capacity | North America | Wipes

      Premier Care Adds to New York Site

      Wipes maker to add warehouse and distribution space in Hauppauge
      04.02.18

    • Wipes

      Rockline Hits Safety Milestone

      Springdale, AR site goes nine million work hours without incident
      03.27.18

    • Diaper, Baby | Wipes
      Model Chrissy Teigen Becomes Creative Consultant for Pampers Pure

      Model Chrissy Teigen Becomes Creative Consultant for Pampers Pure

      Teigen will collaborate with designers, R&D and marketing on new collection
      03.27.18

    Breaking News
    • GDM To Host Innovation Week in May
    • BCH to Represent IFAI in India
    • Diamond Wipes Partners with USA Table Tennis
    • Hero Wipes EMS Launch
    • Freudenberg Posts Steady Growth
    View Breaking News >
    CURRENT ISSUE

    Household and Personal Care Wipes Spring 2018

    • Four Trends Shaping the Future of Nonwoven Wipe Demand
    • Regulations Round Up
    • It Takes a Village to Make a Wet Wipe
    • Wipes and the Modern World
    • View More >


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