Tuesday, 08 Dec 2020 09:13 GMT

Fedrigoni acquires Industrial Papelera Venus

Specialist paper manufacturer Fedrigoni has finalised the acquisition of Mexican self-adhesive materials producer Industrial Papelera Venus for an undisclosed amount.

Fedrigoni says the purchase – its third acquisition in two years – strengthens its presence in the pressure sensitive labels sector with the Arconvert, Manter and Ritrama brands.

The group is also now able to provide both high-tech and high aesthetic-value solutions for self-adhesive labels and visual communications self-adhesive materials for indoor and outdoor signage.

Industrial Papelera Venus has an annual turnover of approximately $18m 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,” Fedrigoni chief executive Marco Nespolo said.

This move is in line with our growth strategy in the increasingly promising self-adhesive labels sector

“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 US, areas we are very interested in.”

In a statement, Industrial Papelera Venus founders and current shareholders add: “We are very proud to be joining an international group like Fedrigoni, which will allow us to grow within a thriving and financially solid industry.

“It means we can improve in quality and size, which is essential to consolidate our presence in the market.”

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