Fedrigoni invests in thermoformed cellulose inner solutions
Fedrigoni, a global leader in the production and sale of special papers for packaging, publishing and graphics, and of premium self-adhesive labels and materials, has acquired 70% of a NewCo that will produce inner trays for boxes and gift cases for luxury items made entirely of thermoformed, biodegradable and environmentally friendly cellulose instead of plastic.
“The agreement with Tecnoform is a new milestone on the path towards innovation to offer the market higher performing paper replacements for plastic. This is one of the main strands of our sustainability policy for which we have set challenging objectives for 2030,” said Marco Nespolo, chief executive of the Fedrigoni Group. “The luxury packaging sector is extremely relevant to us and we believe we can make the difference in guiding it, on a global level, towards environmentally friendly solutions, thanks to the know-how acquired so far, the synergies with the other activities in our ecosystem and the possibility of globalising business, expanding it from Europe to America and Asia”.
Alessandro Groppi, chief executive of Tecnoform, also expressed his satisfaction. “Our two companies are extremely well-matched,” he explained, “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”.
This is the sixth acquisition in less than three years for Fedrigoni, after four in just 18 months in the self-adhesives sector, where the Group has strengthened its position as the third player in the world. From the beginning of 2020 the company has acquired Italian Ritrama, Mexican IP Venus, American Acucote and Ri-Mark, one of the main distributors in Mexico, of which it already held 30%.