Fedrigoni buys the american Acucote

Fedrigoni SpA, global group leader in the production of high value-added special papers for packaging, publishing and graphics, as well as premium labels and self-adhesive materials, has completed the acquisition of Acucote Inc., a company headquartered in Graham, North Carolina, which develops, manufactures and distributes self-adhesive materials, with a leading position in the US market, a turnover of over $70 million and 142 employees.

Acucote was founded 34 years ago by John Leath, who owns it together with his family. With one plant and 4 distribution centres, the company is an excellent opportunity for Fedrigoni, which intends to extend its presence in the United States, an extremely interesting market in which the Group is already well known and appreciated for its label materials for fine wines. 

With this third acquisition in 18 months, after the Italian Ritrama and the Mexican IP Venus in the self-adhesives sector, Fedrigoni further strengthens its position as the third global player for self-adhesive materials, where it operates through numerous brands such as Arconvert, Manter and Ritrama.

The acquisition is in line with the wish to diversify the geographical penetration, strengthening the position across the Americas and in particular in the United States. The new entry to the Group will also allow us to increase production capacity directly on site and to distribute throughout the United States, also thanks to the integration with our subsidiary company GPA, to create excellent procurement alliances and to count on cutting-edge technologies, including in terms of environmental sustainability.