FSI Régions backs Abzac
FSI Régions has injected €2m into French cardboard tubes and core provider Abzac in exchange for a minority stake.
The investment was made through the OC+B fund, a €300m FCPR vehicle that invests in convertible bonds. The capital injection will allow Abzac to modernise its production process.
Company
Founded in 1928 and based in Gironde, Abzac produces cardboard tubes and cores for the paper, film, non-woven and textile industries and building materials market. The firm operates in France, Spain, Romania, Canada and the US. Abzac reported a turnover of €81m.
People
Serge Mesguich and Sybille de Richecour led the deal for FSI Régions.
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