Fedrigoni acquires Acucote

Acucote, founded 34 years ago by John Leath, operates one plant and four distribution centers with a turnover of over USD 70 million and 142 employees. The company is an excellent opportunity for Fedrigoni, which intends to extend its presence in the United States. It can now count on a new plant and a stronger commercial presence in North America (where it was already present with its operations in California and the distributor GPA), together with the Mexican company, Industria Papelera Venus, acquired in December.

With this third acquisition in 18 months, after the Italian Ritrama and the Mexican IP Venus in the self-adhesives sector, Fedrigoni further strengthens its position as a global player for self-adhesive materials. It operates through numerous brands such as Arconvert, Manter, and Ritrama. 

Fedrigoni is one of the global leaders in wine labeling and plays a leading role in high-tech self-adhesive labels and films for food, household, logistics, pharma, beverage and personal care. Acucote also holds an excellent position in the pharma, architectural graphics, retail and logistics segments, making strategic production, distribution and procurement synergies possible.   

‘The acquisition of Acucote represents a further step in the growth strategy in the increasingly promising self-adhesive materials sector, where we are determined to expand our position as the market leader,’ said Marco Nespolo, CEO of Fedrigoni Group. ‘It is in line with our wish to diversify our geographical penetration, strengthening our position across the Americas and in particular in the United States.’

‘The new entry to the Group will allow us to increase production capacity directly on-site and to distribute throughout the United States, also thanks to the integration with our subsidiary company, GPA, to create excellent procurement alliances and to count on cutting-edge technologies, including in terms of environmental sustainability,’ added Fulvio Capussotti, executive vice president of the Fedrigoni’s Self-Adhesives division.

John Leath, founder of Acucote, added: ‘I am leaving my company and my people in good hands, which was my main goal. Fedrigoni is an international group and a solid, rapidly expanding industrial reality, in which I am sure Acucote will be able to grow and consolidate significantly in the coming years.’