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.’
Mr Nespolo continued, ‘Our pressure-sensitive labels segment, which is already showing very positive results, will now be larger, broader and more competitive, 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.’
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.
Tomas Rink, Ritrama president, said, ‘I am very proud of this transaction, which ensures the Ritrama Group and its organisation will continue to grow in a healthy and rapidly-expanding industrial reality, the Fedrigoni Group. Ritrama and Fedrigoni share common values.’
