Fedrigoni acquires certain assets of Mohawk

The Fedrigoni group has acquired certain assets of Mohawk fine papers to reinforce its position in the North American markets.

The transaction was finalized through a NewCo, following a period of significant financial distress that affected the US-based company in the past months. The transaction cleared the new company from existing indebtedness, allowing to preserve most existing jobs, industrial activities and customer relationships.

Both companies had entered an industrial partnership in September 2022.

Founded in 1931, Mohawk is a family-owned company that produces specialty papers for designers, brands, and printers and that - like Fedrigoni - has innovated in the field of digital printing and sustainability.

The sharing of core values such as know-how and a focus on innovation and environmental impact reduction led to the acquisition of this firm, which becomes part of the Fedrigoni special papers division and represents an important piece in the group's overseas growth strategy.

‘This is our third M&A this year, after SharpEnd in the UK and Arjowiggins China, a relevant step forward to enhance our premium product offerings to customers in the US in specialty papers for luxury packaging and fine digital printing,’ commented Marco Nespolo, CEO at Fedrigoni group. '‘Thanks to Mohawk's entry into our group, we will now be able to produce and distribute to customers a wide range of Fedrigoni high value-added papers directly in North America, and conversely expand access to Mohawk specialty papers internationally.

'We will, thus, increasingly support the strategies of our customers who favor nearshoring models in place of the traditional global purchasing-oriented approach, to reduce their environmental impact and minimize the risks of supply chain disruption.’