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Sunday, May 19, 2024

Particular papers, Fedrigoni reinforces its place within the North-America market

The Fedrigoni Group, one of many world’s main producers of particular papers, self-adhesive supplies, and RFID options, has acquired some belongings of Mohawk Wonderful Papers, an organization it entered into an industrial partnership with final September 2022 with the intention to strengthen the distribution of specialty effective papers within the North American market.

Because of Mohawk’s entry into our group we are going to now be capable of produce and distribute to clients a variety of Fedrigoni excessive value-added papers instantly in North America, and broaden entry to Mohawk specialty papers internationally,” feedback Marco Nespolo, CEO at Fedrigoni Group.

The transaction was finalized by a NewCo included by Fedrigoni to accumulate Mohawk’s belongings in a sale course of initiated by a monetary establishment, following a interval of great monetary misery that affected the U.S.-based firm up to now months. The transaction fully cleared the brand new firm from current indebtedness, permitting to protect the vast majority of current jobs, industrial actions and buyer relationships.

That is our third M&A this yr (after SharpEnd in UK and Arjowiggins China), a related step ahead to reinforce our premium product choices to clients within the U.S. in specialty papers for luxurious packaging and effective digital printing,” provides Marco Nespolo.

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