Fedrigoni completes acquisition of Arjowiggins China
With its first paper mill in China, the Group strengthens its geographic presence in the Asian market where it already has an extensive distribution network.
Fedrigoni Group - a leading global player in the production of specialty papers for luxury packaging, self-adhesive labels and materials, and RFID and connected solutions – has finalized the acquisition of the entire share capital of Arjowiggins HKK3 Limited, owner of the Arjowiggins China Group.
The Quzhou-based paper mill, located in Zhejiang province, is a world leader in the production of translucent papers (about 7,000 tons annually under the Gateway and Sylvicta brands), for applications ranging from industrial design and graphics to food, consumer electronics and luxury packaging.
“With its first paper mill in China Fedrigoni can now strengthen its geographic presence in the Asian market, where it already has an extensive distribution network in China, Hong Kong, the Philippines, Indonesia, and Bangladesh, including 11 warehouses, a self-adhesive materials manufacturing plant in Hefei and an RFID inlays and tags manufacturing plant in Guangzhou - comments Marco Nespolo, CEO at the Fedrigoni Group - "The deal will also enable the group to further expand its product portfolio in the translucent paper segment, which has the potential to increasingly replace plastic in packaging as a fully recyclable monomaterial”.
The Fedrigoni business unit, which specializes in high-end specialty papers, has taken another step forward with the acquisition of Arjowiggins China. Today, the division includes the historic brands MyCordenons and Fabriano, and over the past four years, numerous brands have joined the Fedrigoni Special Papers ecosystem: Éclose (2021) with its sustainable cellulose-based packaging solutions, Guarro Casas with its experience in binding solutions and Zuber Rieder with the most innovative papers for labels.
With Arjowiggins China, the number of M&As completed by Fedrigoni in the last four years rises to 14, including two in the new year. Just a few days ago, in fact, the Group announced an initial investment to obtain a minority stake in SharpEnd / io.tt, the IoT consulting, and solutions company whose mission is to help brands evolve their products, packaging, and customer engagement through connected solutions, with a path to acquire the entire capital in the longer term.
