The Fedrigoni Group, manufacturers of special papers, self-adhesive materials, and RFID solutions, announces the acquisition of certain assets from US-based Mohawk Fine Papers.
Fedrigoni began its industrial partnership with Mohawk in September 2022 to strengthen the distribution of speciality fine papers in the North American market. The transaction was finalised for Fedrigoni to acquire Mohawk’s assets in a sale process initiated by a financial institution, following a period of significant financial distress that affected the US-based company in the past months.
‘We will now be able to produce and distribute to customers a wide range of Fedrigoni high value-added papers directly in North America, and expand access to Mohawk speciality papers internationally,’ commented Marco Nespolo, CEO at Fedrigoni Group.
Founded in 1931, Mohawk is a family-owned company that produces some speciality papers for designers, brands, and printers, and like Fedrigoni, has innovated in the field of digital printing and sustainability. The sharing of core values such as a focus on innovation and environmental impact reduction led to the acquisition of this firm, which becomes part of the Fedrigoni Special Papers division and is explained to be an important piece in the group’s overseas growth strategy.
Mr Nespolo commented on the importance and benefits of this acquisition stating, ‘We will thus increasingly support the strategies of our customers who favor nearshoring models in place of the traditional global purchasing-oriented approach, to reduce their environmental impact and minimize the risks of supply chain disruption.’
