Financial terms of the deal were not disclosed, but the acquisition was brokered in the days following the announcement that Arjowiggins Group and its UK subsidiaries filed for administration.
Guarro Casas specialises in the production of fine papers, mainly for binding and creative applications, delivering products with value-added finishing for luxury packaging, book covering and security applications.
“The acquisition of Guarro Casas is a new chapter of our global growth strategy in the world of specialty papers for premium packaging and other creative applications that will allow us to serve all brands, designers, printers, converters even more effectively,” Fedrigoni chief executive Marco Nespolo says.
“The inclusion of this new company in our group will expand our portfolio with additional know-how and technologies fully complementary with ours. Future synergies will then also involve Fedrigoni’s Self-Adhesives business unit, with special reference to the premium labels segment.”
Jordi Sauras, general manager of Guarro Casas, adds: “Fedrigoni is an international group and a solid, rapidly expanding industrial reality, in which I am sure Guarro Casas will be able to grow and consolidate significantly in the coming years.
“Our two companies are extremely well-matched and Fedrigoni’s experience in the luxury packaging sector, its knowledge of processes and manufacturing, added to the global dimension, will be crucial in helping us to develop new and highly innovative solutions.”
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