Fedrigoni acquires Industrial Papelera Venus

Industrial Papelera Venus has a turnover of approximately 18 million USD and employs one hundred people. It is one of the leaders in the development, production, and distribution of self-adhesive materials in the region. 

‘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 favorable procurement synergies, reinforce our presence in Central and South America and expand our market in the southern USA, areas we are very interested in.’

‘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,’ said the Industrial Papelera Venus founders and current shareholders in a statement.

This acquisition, the third in two years, further strengthens Fedrigoni’s position as third in the world in the pressure-sensitive labels sector with the Arconvert, Manter, and Ritrama brands. 

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,’ added Nespolo.