Track record: CODI Group

CODI

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Company description

Codi Group is the name of three companies in wet wipes in Europe: Codi International, Incare and Sweeps. Codi International and Incare share over 60 years of experience as manufacturers in the industry and take pride in being reliable partners servicing both first-class FMCG brands such as Beiersdorf, P&G en Rituals as well as retailers such as Ahold, Delhaize, AS Watson, Hema and institutional customers across Europe. At its production facilities in Veenendaal and Venray (the Netherlands) Codi Group specializes in cost-efficient processing of nonwoven materials, liquids and packaging with its own R&D department, liquid mixing and laboratory. Sweeps, founded in 2014, is a marketing and sales organization. Sweeps is a unique wet wipes brand based on natural fibers targeting consumers on-the-go via multiple convenience channels. The total Codi Group is one of the top five players in the European wet wipes market with roughly 180 employees and a turnover of approximately € 60m

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Investment rational

Codi Group fits perfectly in the investment focus of ACC. Over the last years, Codi has successfully focused on internal optimization and broadening our customer base to create a solid platform for future growth. The Codi Group now wants to become a top five player in the European wet wipes market. In order to reach this position, the future strategy for Codi Group consists of three pillars:

1. Autonomous growth based on product innovation and sustainability

2. Buy-and-build of similar parties in adjacent geographies and in new technologies

3. Improving internal efficiency by optimizing the production capacity between the existing facilities and optimal use of new production technologies