02.04.20
Fedrigoni S.p.A., a European producer of specialty papers and high value-added products for packaging and fine printing and PS labels, has completed the acquisition of Ritrama, an Italian multi-national group specializing in self-adhesive products. Ritrama has manufacturing facilities in Italy, Spain, the United Kingdom, Chile and China. The preliminary sale agreement was signed in October 2019.
The closing of the transaction creates another European player in pressure sensitive labeling, offering high technological and aesthetical content. Arconvert and Manter labels, made with special papers, will benefit from Ritrama’s advanced technological expertise.
"Our Pressure Sensitive Labels segment, which is already showing very positive results, will now be larger, broader and more competitive," says Marco Nespolo, CEO of the Fedrigoni Group. "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 us."
The Fedrigoni Group will continue to invest in Arconvert and Ritrama's high value-added self-adhesive products. The expanded product portfolio will be on display at drupa 2020.
“We are very proud that the combination of Arconvert and Ritrama’s expertise will provide our customers with an unrivaled set of solutions that will allow them to offer the next generation of pressure sensitive labels for packaging decoration," adds Fulvio Cappussotti, executive vice president, Pressure Sensitive Labels Business Unit of Fedrigoni Group. "The Fedrigoni PSL business unit is a leader in value-added labeling solutions, and with Ritrama we are further delivering on this vision."
Ritrama’s total revenues were approximately Euro 400 million in the year ending December 31, 2018, coupled with Fedrigoni’s total revenues of approximately Euro 1.2 billion in the same period.
The closing of the transaction creates another European player in pressure sensitive labeling, offering high technological and aesthetical content. Arconvert and Manter labels, made with special papers, will benefit from Ritrama’s advanced technological expertise.
"Our Pressure Sensitive Labels segment, which is already showing very positive results, will now be larger, broader and more competitive," says Marco Nespolo, CEO of the Fedrigoni Group. "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 us."
The Fedrigoni Group will continue to invest in Arconvert and Ritrama's high value-added self-adhesive products. The expanded product portfolio will be on display at drupa 2020.
“We are very proud that the combination of Arconvert and Ritrama’s expertise will provide our customers with an unrivaled set of solutions that will allow them to offer the next generation of pressure sensitive labels for packaging decoration," adds Fulvio Cappussotti, executive vice president, Pressure Sensitive Labels Business Unit of Fedrigoni Group. "The Fedrigoni PSL business unit is a leader in value-added labeling solutions, and with Ritrama we are further delivering on this vision."
Ritrama’s total revenues were approximately Euro 400 million in the year ending December 31, 2018, coupled with Fedrigoni’s total revenues of approximately Euro 1.2 billion in the same period.