Fedrigoni to Acquire Italian Self-Adhesive Products Producer Ritrama
Ritrama operates six manufacturing facilities in Italy, Spain, the United Kingdom, Chile and China, and produces self-adhesive labels for the pharmaceutical, beverage and personal care markets.
Nov. 14, 2019 - Fedrigoni S.p.A. on Oct. 30 announced that it has signed an agreement to acquire the Ritrama group, an Italian multinational group specializing in self-adhesive products. Financial Terms of the deal were not disclosed According to Fedrigoni, 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. This acquisition — the second since Fedrigoni's acquisition by Bain Capital — 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 (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, which is one of the top producers globally of labels for the pharmaceutical, beverage and personal care markets. Ritrama had total revenues in 2018 of approximately EUR 400 million. “Strong synergies exist between the businesses of Arconvert and Ritrama,” said Marco Nespolo, CEO 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.“ “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 transaction is expected to close in the first quarter of 2020, and is subject to certain closing conditions. About RitramaHeadquartered in Caponago, Italy, where it also maintains a cutting-edge R&D facility as well as an advanced production plant, Ritrama operates six manufacturing facilities in Italy, Spain, the United Kingdom, Chile and China. Ritrama also operates 10 slitting and distribution centers in Latin America, Poland and South Africa, for a total of 16 plants and approximately 1100 employees (including part-time employees). The Fedrigoni Group is a leading producer of special papers for graphic use and self-adhesive products for labels, and primarily the production of self-adhesive labels for the wine sector. To learn more, visit: www.fedrigoni.com SOURCE: Fedrigoni S.p.A. |