Arjobex Synthetic Paper has been carved out of Arjowiggins Group, following the latter entering administration at the beginning of the year.
The company, whose UK operations are based in Clacton-On-Sea, produces high-end synthetic paper used for tags and labels for food, industrial and security applications. The products are then sold under the name Polyart.
Prudentia Capital, a French private equity firm, was responsible for separating Arjobex, which operates sites in the UK, France and the USA, from the rest of the group.
‘Arjobex is a profitable and innovative company, positioned on a growing market,’ said Roland Germain, founding partner of Prudentia Capital. ‘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 their position as the European leader on their niche market.’
