
Manufacturer of backsheets for hygiene and sanitary products
Type of Operation
Buyout
Fund
Portobello Fund IV & Portobello Coinvestment
Investment date
December 2020
Activity
Manufacturer of backsheets for hygiene and sanitary products
Poligof is one of the leading manufacturers of backsheet films in Europe, a semi-finished product primarily used for adult incontinence products and baby diapers.
Founded in 1979, Poligof is headquartered in Lodi (Italy) and has a strong international presence. The Company operates four facilities across Italy, India and Russia and has nearly 420 employees. Poligof serves a loyal customer base of blue-chip clients thanks to an attractive value proposition based on an extensive and customized product portfolio coupled with a strong customer service (e.g., quality standards and lead times)
Why did we invest in Poligof?
- Leading producer of backsheet films in Europe, a niche sector characterised by stable competitive dynamics
- Positive tailwind thanks to secular growth of adult incontinence segment
- Resilient business (unaffected by macro) and strong cash generation
- Well positioned to increase market share in current markets and penetrate new geographies
- Possibility to capture additional opportunities within the hygiene and sanitary markets
- Best-in-class and experienced management team, strongly committed to the project