Specialty paper manufacturer Fedrigoni Group has acquired Divipa, a manufacturer and distributor of self-adhesive materials with an estimated turnover of 24 million EUR (27.2 million USD) in 2021 and about fifty employees.
A Spanish company headquartered in Derio, a few kilometers from Bilbao, Divipa was founded in 1971 by the Alvaro family, which has transferred 100 percent of the capital to Fedrigoni but remains in the management team with some of its members.
This is Fedrigoni’s fifth acquisition in two years in the self-adhesives sector after the Italian company Ritrama, the Mexican companies IP Venus and Ri-Mark and the American business Acucote. Fedrigoni says it further strengthen its position as the world's third largest supplier of self-adhesive materials, a market in which it operates through brands such as Arconvert, Manter and Ritrama. The company produces high-tech self-adhesive materials and films for the food, pharmaceutical, automotive, personal and home care sectors.
Marco Nespolo, CEO of the Fedrigoni Group, said: ‘The entry of Divipa into the group is a new milestone in our growth path in the world of self-adhesive materials. 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.’
Fulvio Capussotti, executive vice president of the Fedrigoni Self-Adhesives division, added: ‘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. This operation will allow us to increase production capacity and create numerous synergies in production and procurement.’
Jaime Alvaro Alvaro, the founder of Divipa, commented: ‘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.’