The Italian producer of paper and high added-value products Fedrigoni, a company of Bain Capital, has perfectioned the acquisition of Ritrama, i.e. an Italian multinational company producing self-adhesive products with manufacturing facilities in Italy, Spain, the United Kingdom, Chile and China. The preliminary acquisition contract was signed in October 2019. The finalization of the transaction leads to the creation of the third European player in the sector of self-adhesive labels, which boasts an extremely widespread and diversified offer. This player combines the excellence of the Arconvert and Manter labels, which are made with special papers, with the advanced technologies of Ritrama, which are applied to self-adhesive plastic films.
«Our division for self-adhesive labels, which is already registering very positive performances, will now be bigger, more compact and competitive», says Marco Nespolo, CEO of Fedrigoni, «in a market that is constantly growing in all sectors and in all areas, worldwide. Ritrama has a healthy DNA, which is Italian and as an international vocation, like us».
The Fedrigoni group will continue to invest in the high added-value products of Arconvert and Ritrama, thereby enlarging the offer of solutions already presented at Drupa 2020, which is the most important trade fair on printing technologies worldwide.
«We are very proud of the fact that the combination of competences of Arconvert and Ritrama will provide our customers with an unparalleled range of solutions, which will enable them to offer state-of-the-art self-adhesive projects that can meet any labelling and packaging needs», adds Fulvio Capussotti, Executive Vice-President Pressure Sensitive Labels Business Unit of the Fedrigoni Group. «Our division is leader in high added-value labelling solutions, and with the acquisition of Ritrama we are taking yet another step forward in this direction».
Ritrama’s total revenues of approximately 400 million euro as of 31st December 2018, coupled with the total revenues of the Fedrigoni Group of approximately 1.2 billion euro in the same period. After the operation, the turnover of the Fedrigoni Group will reach approximately 1.6 billion euro, thereby contributing to position the combined Group among the largest global players in the field.