CNCP Bordet, an Avignon, France-based distributor of plastic tubes, has received a €2m investment from Avenir Entreprises, a subsidiary of CDC Enterprises.
The investment aims to support the business’ LBO, led by Jean-Christophe Gruvel, General Director of the company since 1988, from Frans Bonhomme, the group that owned CNCP since 1988.
The proceeds will allow the company to increase its presence in France and develop its expertise in South East Europe. The management team also plans to expand its product lines.
CNCP Bordet employs 157 people in 13 regional offices.