Fedrigoni completes the acquisition of Ritrama

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. Ritrama has a healthy, truly Italian, yet international, DNA, just like us.’

The Fedrigoni Group will continue to invest in Arconvert and Ritrama's high value-added self-adhesive products. The enlarged portfolio will be already on display at drupa 2020.

‘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.’

Ritrama’s total revenues of approximately 400 million EUR (443 million USD) in the year ended December 31, 2018, coupled with Fedrigoni’s total revenues of approximately 1.2 billion EUR (1.33 billion USD) in the same period. This result positions the combined group among the largest global players in the field of specialty papers for packaging and pressure sensitive labels.