Acquisition History / Targos Capital (Diego Canales and Nicolas Romo) / Letro, Cartondis and Trelaco

Targos Capital (Diego Canales and Nicolas Romo) Acquires Letro, Cartondis and Trelaco

Announced April 24, 2026 — price was not disclosed but is estimated to be at the lower end of typical sector multiples

Targos Capital (Diego Canales and Nicolas Romo)Corrugated cardboard packaging2026

What happened

Spanish search fund Targos Capital acquired 100% of the Letro, Cartondis and Trelaco corrugated cardboard packaging group, which runs plants in Madrid and Burgos serving cosmetics, automotive, pharma and e-commerce customers.

Acquirer
Targos Capital (Diego Canales and Nicolas Romo)
Target
Letro, Cartondis and Trelaco
Announced
April 24, 2026
Price
price was not disclosed but is estimated to be at the lower end of typical sector multiples
Industry
Corrugated cardboard packaging
Buyer type
Search fund
Fund vehicle
Targos Capital
Backing investors
JB46, Vonzeo Capital, Grupo Santa Marta, Pina Capital, Iberica Investment Partners, Legatum, Secways, Legacy Partners, Colca Capital, Soare Holdings, ALX Hormes Capital, Ventus Capital
Status
Closed

By the numbers

Targos Capital (Diego Canales and Nicolas Romo)'s acquisition history
2nd of 2 tracked deals
Disclosed prices
0 of 2 Targos Capital (Diego Canales and Nicolas Romo) deals
Tracked acquisitions in 2026
397 across all acquirers
Targos Capital (Diego Canales and Nicolas Romo) in Corrugated cardboard packaging
2 acquisitions

Frequently Asked Questions About This Acquisition

When did Targos Capital (Diego Canales and Nicolas Romo) acquire Letro, Cartondis and Trelaco?

Targos Capital (Diego Canales and Nicolas Romo) acquired Letro, Cartondis and Trelaco on April 24, 2026. This was Targos Capital (Diego Canales and Nicolas Romo)'s 2nd publicly tracked acquisition out of 2 we have on record.

How much did Targos Capital (Diego Canales and Nicolas Romo) pay for Letro, Cartondis and Trelaco?

Targos Capital (Diego Canales and Nicolas Romo) paid price was not disclosed but is estimated to be at the lower end of typical sector multiples for Letro, Cartondis and Trelaco.

What does Letro, Cartondis and Trelaco do?

Spanish search fund Targos Capital acquired 100% of the Letro, Cartondis and Trelaco corrugated cardboard packaging group, which runs plants in Madrid and Burgos serving cosmetics, automotive, pharma and e-commerce customers.

What other Corrugated cardboard packaging companies has Targos Capital (Diego Canales and Nicolas Romo) acquired?

Targos Capital (Diego Canales and Nicolas Romo) has made 2 acquisitions in Corrugated cardboard packaging, including Letro, Cartondis and Trelaco. See the full list on the Corrugated cardboard packaging and Targos Capital (Diego Canales and Nicolas Romo) acquisition pages.

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More Targos Capital (Diego Canales and Nicolas Romo) acquisitions

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