Private Equity Firms Cornerstone Investment Management and Kartesia Acquires Ecowipes a Significant Milestone in Both Companies’ Strategic Commitment to ESG Investing

Cornerstone and Kartesia acquires Poland-based eco-friendly wipes specialist

Cornerstone Investment Management and Kartesia have acquired Ecowipes, a leading European producer of bio-degradable wet wipes. This acquisition marks a significant milestone in both companies’ strategic commitment to ESG investing, which also involves the joint acquisition of Okechamp/Lutece last year. No financial details of the transaction were disclosed.

Ecowipes has an impressive track record of introducing ingenious products and is a pioneer in the field of producing biodegradable wet wipes made from sustainable natural materials with minimal environmental impact. The company has been an environmental and technological leader in the European wet wipes industry since 2011 and has built an excellent reputation for quality, sustainability, and innovation.

Ecowipes has two modern factories – a main one located in Nowy Dwór Mazowiecki, Poland and a second one with a technologically advanced machinery park near Miluza, France under the Hydra Beauty & Clean brand. A third factory is being built in Pomiechówek, Poland. In addition to delivering private labels for Europe’s largest retail chains including Lidl, Beidronka and Auchan, Ecowipes has introduced its own Tami and Rapid Clean brands.

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Ecowipes’ differentiating qualities are its innovative and environment-friendly technologies such as its broad portfolio of biodegradable solutions. To reduce its carbon footprint, the company relies on low-processed raw materials and local suppliers. Additionally, the company works with materials from renewable sources, and increases the use of recyclate. Ecowipes also places a strong emphasis on educating consumers and inspiring them to change their daily habits.

“Our co-operation with Cornerstone and Kartesia will allow us to leverage our strong position across Europe and provide us with the financial backing to introduce more innovations in the future,” says Gabriel Kermiche, CEO and co-investor at Ecowipes. “We call ourselves the Earthchangers, and this partnership will put us closer to achieving our primary environmental goal, to supply consumers with hygiene products made only from natural-based materials at a reasonable price.”

“Our partnership with Ecowipes will mobilise the company to continue developing and offering ecologically clean consumer products,” say Tomasz Pietrzak, partner at Cornerstone Investment Management. “We are aligned in our commitment to investing in sustainable and environmentally conscious businesses. This partnership will enable us to take a significant step towards a more sustainable future.”

Ecowipes, with currently two most technologically advanced factories in Europe producing wet wipes, hygiene buds and cosmetic pads, and being an expert in bio-degradable consumer product solutions makes it a unique asset on the market. The ESG strategy implemented by a company that is constantly seeking new sustainable innovations sets an example for other businesses.

“The positive ecological impact of the company’s biodegradable staple products was one of the key factors that convinced us to enter this partnership. The devotion of Ecowipes’s management to innovation, quality and sustainability fits with our sustainable investing approach and convinced us to commit to this transaction early on,” says Giuseppe Mirante, Senior Advisor at Kartesia.

Cornerstone and Kartesia prove that investing in environmentally responsible companies focusing on delivering innovative, high-quality, and sustainable products is not only a trend but a necessity.

Cornerstone Investment Management, founded by Przemysław Krych in 2001 is a private equity investment management firm with AuM of €7 billion. Meanwhile,Kartesia is a pan-European, independent and privately-owned specialist provider of financing solutions, focused on offering customised resources across the capital structure to leading mid-market companies from a wide range of industries, with the view to accelerate their pace of growth.

Source: Non Wovens Indsutry

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