Fedrigoni has completed the acquisition of Industrial Papelera Venus, a Mexican company with headquarters in Mexico City that develops, produces and distributes self-adhesive materials, with a leading position in the local market. .
Marco Nespolo, CEO of Fedrigoni Group, says “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.” .
“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.” .
This acquisition, the third in two years, further strengthens Fedrigoni’s position as third largest manufacturer of Pressure Sensitive Labels in both Europe and Latin America with the Arconvert, Manter and Ritrama brands. .
IPV founders and current shareholders stated: “We are very proud to be joining an international group like Fedrigoni, which will allow us to grow within a thriving and financially solid industry. It means we can improve in quality and size, which is essential to consolidate our presence in the market.” .
Along with many plants in Italy and Spain, Fedrigoni already 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. This division is increasingly competitive and extensive in a sector that is continually expanding at a global level,” Nespolo concluded.
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