Fedrigoni S.p.A. recently announced that it has completed its acquisition of Ritrama S.p.A. An Italian multi-national group specializing in self-adhesive products, Ritrama has manufacturing facilities in Italy, Spain, the UK, Chile, and China.
“Our Pressure Sensitive Labels segment [Arconvert], which is already showing very positive results, will now be larger, broader and more competitive—in a market that continues expanding in all segments and geographies, on a global level,” said Marco Nespolo, CEO of Fedrigoni.
Fedrigoni reports that it will continue to invest in the Arconvert business unit, as well as 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 unrivaled set of solutions that will allow them to offer the next generation of pressure-sensitive labels for packaging decoration,” said Fulvio Cappussotti, executive vice president for Fedrigoni’s Pressure Sensitive Labels business unit. “The Fedrigoni PSL business unit is a leader in value-added labeling solutions, and with Ritrama we are further delivering on this vision.”
Ritrama’s total revenues of approximately €400 million (approximately $442 million) in 2018, coupled with Fedrigoni’s total revenues of approximately €1.2 billion (~ $1.3 billion) in the same period, amount to total revenues of the combined group of approximately €1.6 billion (~ $1.8 billion). For more information, visit www.fedrigoni.com and www.ritrama.com.