RAJA® Packaging completes the acquisition of the French distributor RetifThis operation will allow the company to expand its retail client portfolio in seven European countries and provide a complementary network of physical stores that offer local services to customers.
In addition, the integration will enable Retif to offer a broader range of business solutions and supplies, while benefiting from economies of scale and the expertise of the leading packaging distributor to support its growth.
Founded in 1965, Retif specialises in supplies, equipment and solutions for retail. In 2023, it had a turnover of 121 million euros and currently has 460 professionals in its team. Headquartered in Nice, its portfolio is made up of more than 300.000 clients and its main source of income comes from its 88 stores in Europe, of which 66 are in France, 15 in Spain, 5 in Belgium, one in Luxembourg and one in the Netherlands.
Online trading, which already represents a significant part of Retif's sales, offers strong growth potential. Not surprisingly, the French company has an 18.000 m² distribution centre in Valence, in the south of France, which delivers to customers in the country within 24/48 hours.
“We are delighted to welcome Retif and its 460 employees to RAJA® Packaging, which now has 27 companies in 19 countries. Retif has a proven track record that complements our offer of supplies and services for shop fitting out. I have full confidence in its development potential, especially in eCommerce,” he stressed. Daniele Marcovici, President of RAJA® Packaging.
For its part, Thina Cadierno, CEO of Retif, will continue in her role and continue to develop the Retif brand.
