Acquisition History / Targos Capital (Diego Canales and Nicolás Romo) / Letro, Cartondis, and Trelaco (corrugated cardboard packaging group)

Targos Capital (Diego Canales and Nicolás Romo) Acquires Letro, Cartondis, and Trelaco (corrugated cardboard packaging group)

Announced April 23, 2026 — Not disclosed; described as lower end of typical sector multiples (target turnover ~€30M)

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

What happened

Targos Capital acquired 100% of a Spanish corrugated cardboard packaging specialist with 40+ years of experience, €30M turnover and 100+ employees operating plants in Madrid and Burgos, serving cosmetics, pharmaceutical, automotive, and e-commerce clients, financed by Banco Santander.

Acquirer
Targos Capital (Diego Canales and Nicolás Romo)
Target
Letro, Cartondis, and Trelaco (corrugated cardboard packaging group)
Announced
April 23, 2026
Price
Not disclosed; described as lower end of typical sector multiples (target turnover ~€30M)
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 Nicolás Romo)'s acquisition history
1st of 2 tracked deals
Disclosed prices
0 of 2 Targos Capital (Diego Canales and Nicolás Romo) deals
Tracked acquisitions in 2026
397 across all acquirers
Targos Capital (Diego Canales and Nicolás Romo) in Corrugated cardboard packaging
2 acquisitions

Frequently Asked Questions About This Acquisition

When did Targos Capital (Diego Canales and Nicolás Romo) acquire Letro, Cartondis, and Trelaco (corrugated cardboard packaging group)?

Targos Capital (Diego Canales and Nicolás Romo) acquired Letro, Cartondis, and Trelaco (corrugated cardboard packaging group) on April 23, 2026. This was Targos Capital (Diego Canales and Nicolás Romo)'s 1st publicly tracked acquisition out of 2 we have on record.

How much did Targos Capital (Diego Canales and Nicolás Romo) pay for Letro, Cartondis, and Trelaco (corrugated cardboard packaging group)?

Targos Capital (Diego Canales and Nicolás Romo) paid Not disclosed; described as lower end of typical sector multiples (target turnover ~€30M) for Letro, Cartondis, and Trelaco (corrugated cardboard packaging group).

What does Letro, Cartondis, and Trelaco (corrugated cardboard packaging group) do?

Targos Capital acquired 100% of a Spanish corrugated cardboard packaging specialist with 40+ years of experience, €30M turnover and 100+ employees operating plants in Madrid and Burgos, serving cosmetics, pharmaceutical, automotive, and e-commerce clients, financed by Banco Santander.

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

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

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