Fedrigoni acquires Spanish company Guarro Casas
The operation falls within the Fedrigoni Group’s strategy to reinforce its presence in premium papers for the luxury packaging market, in which it is already the reference global player.
The agreement was signed a few days after the Arjowiggings Group and its UK subsidiaries filed for administration. Guarro Casas is highly specialised in the production of quality fine papers, mainly for binding and creative applications, where it is the market leader in high value-added finishing for luxury packaging, book covering and security applications. In some of these segments Fedrigoni already excels at a global level and further synergies can be developed, leveraging the company’s know-how, thanks to its well invested manufacturing footprint and loyal customer base.
“The acquisition of Guarro Casas is a new chapter of our global growth strategy in the world of specialty papers for premium packaging and other creative applications that will allow us to serve all brands, designers, printers, converters even more effectively. The inclusion of this new company in our group will expand our portfolio with additional know-how and technologies fully complementary with ours,” said Marco Nespolo, chief executive of the Fedrigoni Group. “Future synergies will then also involve Fedrigoni’s Self-Adhesives business unit, with special reference to the premium labels segment.”
Jordi Sauras, general manager of Guarro Casas, also expressed great satisfaction with the acquisition: “Fedrigoni is an international group and a solid, rapidly expanding industrial reality, in which I am sure Guarro Casas will be able to grow and consolidate significantly in the coming years. Our two companies are extremely well-matched and Fedrigoni’s experience in the luxury packaging sector, its knowledge of processes and manufacturing, added to the global dimension, will be crucial in helping us to develop new and highly innovative solutions.”