Cordial and NewPort Capital enter into partnership

Description

Cordial, a leading international developer and manufacturer of water and natural polymer-based industrial adhesives for both the paper and paperboard industries, announces that it has entered into a partnership with NewPort Capital. NewPort's support will enable Cordial to further accelerate its already established growth trajectory.

About Cordial

Cordial is a leading international developer and manufacturer of water-based industrial adhesives for both the paper and paperboard industries. The business serves a global customer base consisting of domestic and international paper and packaging manufacturers, active in the broader paper and paperboard processing industries for food, textile, industrial and graphic arts end customers, among others. Cordial is the international market leader in the segment of (sustainable) powdered adhesives based on dextrin (modified starch) and other natural polymers. In 1998 Cordial was elected "Enterprise of the Year" in Groningen and received the prestigious Abel Tasman Award.

About NewPort

NewPort focuses on investments in established Dutch businesses with annual operating profits of €2 million to €10 million in the following sectors: ICT, food, packaging, manufacturing and financial and business services. NewPort enjoys working with and supporting entrepreneurial management teams in achieving organic and acquisitive growth.