Fedrigoni Group recently announced its acquisition of Spain-based Divipa. Headquartered in Derio, Divipa develops, manufactures, and distributes self-adhesive materials. The company achieved an estimated turnover of €24 million (approximately $27.2 million) in 2021 and has about 50 employees.
“The entry of Divipa into the Group is a new milestone in our growth path in the world of self-adhesive materials,” said Marco Nespolo, CEO of the Fedrigoni Group. “We have not taken one step backwards in moving our strategic plan forward: broadening the offer in attractive segments and expanding our global presence, also via targeted acquisitions, to obtain a direct stronghold in all the main geographical markets. We extend a welcome to our Divipa colleagues who are joining our 4,000 people.”
“With the acquisition of Divipa, which joins the two self-adhesives production units we already have in Spain, we continue our expansion in the increasingly promising sector of self-adhesive materials,” said Fulvio Capussotti, executive vice president of the Fedrigoni Self-Adhesives division. “This operation will allow us to increase production capacity and create numerous synergies in production and procurement.”
According to Jaime Alvaro Alvaro, founder of Divipa, “The Fedrigoni Group is a solid industrial reality expanding strongly at an international level, with ambitious development goals. I am pleased that my company and my people are becoming part of it, I am confident they will find the right ground to grow and consolidate significantly in the next few years.”