Italy-based Fedrigoni has signed an agreement to acquire fellow Italian firm Ritrama.
Located in Verona, Fedrigoni is a producer of speciality papers and high value-added products for packaging and fine printing and self-adhesive labels. Headquartered in Caponago, Ritrama is a multinational group specialising in self-adhesive products. Ritrama has manufacturing facilities in Italy, Spain, the UK, Chile and China.
This acquisition – the second since Fedrigoni’s acquisition by Bain Capital – is intended to reinforce the company’s position in the pressure-sensitive labels market in Europe, in which it operates through the Arconvert and Manter brands. Further, the acquisition combines Fedrigoni’s know-how in the production of wine labels, for which Fedrigoni is the second-largest producer globally, and in the production of labels for the food, household and logistics markets, with the advanced self-adhesive technologies of Ritrama, well-known globally in the pharmaceutical, beverage and personal care markets.
‘Strong synergies exist between the businesses of Arconvert and Ritrama,’ noted Marco Nespolo, CEO at Fedrigoni. ‘Both companies operate with excellent results on largely complementary markets, with Arconvert specialising in self-adhesive labels manufactured from speciality papers, and Ritrama focusing on the production of self-adhesive plastic films.’
The closing of the operation is expected, pending antitrust approvals, within the month of February 2020 and includes all activities of Ritrama within its various divisions: Roll Label, Graphics, sheet offset and Industrial (as well as Polifibra).
The Rink family will continue owning and managing the US activities of Ritrama which are excluded from the sale. However there will be continued collaboration with the rest of the Ritrama group going forward.