Fedrigoni Acquires Mexican Self-adhesive Materials Producer, Industrial Papelera Venus
Dec. 7, 2020 - Italian specialty paper producer Fedrigoni on Nov. 4 announced the completion of its acquisition of Industrial Papelera Venus, a Mexican company with headquarters in Mexico City that develops, produces and distributes self-adhesive products and coated film papers, with a leading position on the local market.
Terms of the deal were not disclosed.
Industrial Papelera Venus has a turnover of approximately 18 million dollars and employs 100 people.
"This move is in line with our growth strategy in the increasingly promising self-adhesive labels sector, which also includes the recent acquisition of Ritrama, and is consistent with our plan to diversify our market penetration geographically," said Marco Nespolo, CEO of Fedrigoni Group. "The new entry will allow us to increase our production capacity, broaden our offer, create favourable procurement synergies, reinforce our presence in Central and South America and expand our market in the southern USA, areas we are very interested in."
Along with plants in Italy and Spain, Fedrigoni already has production sites in China, Chile and Brazil.
"We have seen our Pressure Sensitive Labels division being fundamental to support the entire supply chain of health and essential necessities in this Covid 19 worldwide crisis. This division is increasingly competitive and extensive in a sector that is continually expanding at a global level," Nespolo concluded.
Based in Italy, Fedrigoni Group is a leading producer of specialty 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.