Fedrigoni completes acquisition of Ritrama
Fedrigoni has announced that it has completed the acquisition of the Ritrama group, an Italian multinational group specialising 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 a major European player in the field of pressure sensitive labels, a unique reference point for self-adhesive labels with high technological and aesthetical content, with an extremely wide and diversified offer that now combines the excellence of Arconvert and Manter labels, made with special papers, to Ritrama’s advanced technological expertise applied to self-adhesive plastic films.
‘Our pressure sensitive labels segment, which is already showing very positive results, will now be larger, broader and more competitive,’ said Marco Nespolo, CEO of the Fedrigoni Group. ‘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 enlarged portfolio of solutions 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 unrivalled set of solutions that will allow them to offer the next generation of pressure sensitive labels for packaging decoration,’ added Fulvio Cappussotti, executive vice president Pressure Sensitive Labels Business Unit of Fedrigoni Group.