Fedrigoni S.p.A. has signed an agreement to acquire Ritrama group . The acquisition created a large manufacturer in the field of pressure sensitive labels. The acquisition will offer the group’s customers a full range of solutions for self-adhesive labels with an extremely diversified state-of-the-art offer both from a technological and aesthetical point of views.
Combining Excellence and Advanced Technologies
This acquisition reinforces Fedrigoni’s position as one of the top players in the European pressure sensitive labels market, in which it operates through the Arconvert and Manter brands.
The acquisition combines Fedrigoni’s excellence in the production of wine labels, food labels, household and logistics markets with Ritrama’s the advanced self-adhesive technologies. Ritrama, a producer of labels for the pharmaceutical, beverage and personal care markets complements Fedrigoni’s portfolio through its graphics and industrial segments..
Strong Business Synergies Between the Companies
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Strong synergies exist between the businesses of Arconvert and Ritrama” said Marco Nespolo, Chief Executive Officer of the Fedrigoni Group. “
Both companies operate with excellent results on largely complementary markets, with Arconvert specializing in self-adhesive labels manufactured from specialty papers and Ritrama focusing on the production of self-adhesive plastic films“.
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Our Pressure Sensitive Labels segment which is already showing very positive results will now be larger, broader and more competitive,” added Nespolo. “In a market that continues expanding in all segments and geographies on a global level, Ritrama has a healthy truly Italian yet international DNA just like the Fedrigoni Group”. Nespolo commented.
The Rink family, founders of Ritrama, will maintain ownership of and continue to manage Ritrama’s North American operations while continuing its business partnership with the rest of the Group. The transaction is expected to close in the first quarter of 2020 and is subject to certain closing conditions.
Growing in Rapidly Expanding Industrial Reality
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I am very proud of this transaction which ensures the Ritrama Group and its organization will continue to grow in a healthy and rapidly-expanding industrial reality of the Fedrigoni Group,” said Tomas Rink, President of Ritrama..
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This operation marks another important step f or Fedrigoni which fits our strategy of consolidating the Group’s presence in the fields of Specialty Papers and Pressure Sensitive Labels both organically and through acquisitions of international operators such as Ritrama,” said Ivano Sessa, Managing Director of Bain Capital and Chairman of Fedrigoni Holding.
Source: Fedrigoni