Fedrigoni S.p.A. recently announced that it has completed the acquisition of Industrial Papelera Venus, which produces and distributes self-adhesive materials. Headquartered in Mexico City, Mexico, Industrial Papelera Venus has a turnover of approximately $18 million and employs 100 people.
“This move is in line with our growth strategy in the increasingly promising self-adhesive labels sector, which also includes the recent acquisition of Ritrama, and is consistent with our plan to diversify our market penetration geographically,” said Marco Nespolo, CEO of Fedrigoni Group. “The new entry will allow us to increase our production capacity, broaden our offer, create favourable procurement synergies, reinforce our presence in Central and South America and expand our market in the southern USA, areas we are very interested in.”
Along with plants in Italy and Spain, Fedrigoni has production sites in China, Chile, and Brazil. “We have seen our Pressure Sensitive Labels division being fundamental to support the entire supply chain of health and essential necessities in this Covid 19 worldwide crisis,” said Nespolo. “This division is increasingly competitive and extensive in a sector that is continually expanding at a global level.”