Fedrigoni Group, an Italian specialty paper manufacturer, has completed the acquisition of Ritrama, specializing in self-adhesive products with production facilities in Italy, Spain, UK, Chile and China.
The preliminary sale agreement was signed in October 2019 and the closing of the transaction creates the third European player in the field of pressure sensitive labels that now combines Fedrigoni’s Arconvert and Manter labels, made with special papers, with Ritrama’s advanced technological expertise applied to self-adhesive plastic films.
‘Our Pressure Sensitive Labels segment, which is already showing very positive results, will now be larger, broader and more competitive,’ said Marco Nespolo, CEO of the Fedrigoni Group. “In a market that continues expanding in all segments and geographies, on a global level.
The Fedrigoni Group will continue to invest in Arconvert and Ritrama's high value-added self-adhesive products. The enlarged portfolio
‘We are very proud that the combination of Arconvert and Ritrama’s expertise will provide our customers with an unrivaled set of solutions that will allow them to offer the next generation of pressure sensitive labels for packaging decoration,’ added Fulvio Capussotti, executive vice president of Pressure Sensitive Labels Business Unit at Fedrigoni Group. ‘The Fedrigoni PSL business unit is a leader in value-added labeling solutions, and with Ritrama we further deliver on this vision.’