The Fedrigoni Group, one of many world’s main producers of particular papers, self-adhesive supplies, and RFID options, has acquired some belongings of Mohawk Tremendous Papers, an organization it entered into an industrial partnership with final September 2022 with the purpose to strengthen the distribution of specialty wonderful papers within the North American market.
“Because of Mohawk’s entry into our group we’ll now be capable to produce and distribute to prospects a variety of Fedrigoni excessive value-added papers immediately in North America, and broaden entry to Mohawk specialty papers internationally,” feedback Marco Nespolo, CEO at Fedrigoni Group.
The transaction was finalized via a NewCo integrated by Fedrigoni to accumulate Mohawk’s belongings in a sale course of initiated by a monetary establishment, following a interval of serious monetary misery that affected the U.S.-based firm prior to now months. The transaction completely cleared the brand new firm from present indebtedness, permitting to protect the vast majority of present jobs, industrial actions and buyer relationships.
“That is our third M&A this 12 months (after SharpEnd in UK and Arjowiggins China), a related step ahead to reinforce our premium product choices to prospects within the U.S. in specialty papers for luxurious packaging and wonderful digital printing,” provides Marco Nespolo.
