Italian paper manufacturer Fedrigoni announced the acquisition of Unifol, Türkiye's sole producer of PVC self-adhesives that develops innovative, resistant, and long-lasting PVC films for 3D applications on large surfaces.
The acquisition of Unifol is a component of Fedrigoni's strategy to keep diversifying its array of products into adjacent sectors, expand its global presence, and reinforce its position as a new player in the automotive PVC wrap films market. On the back of its recent acquisitions, the company is currently a major global player in the production of high value-added specialty papers for luxury packaging and other creative applications, and a leader in the premium labels and self-adhesive materials markets.
Commenting on the transaction, Fedrigoni Group CEO Marco Nespolo said, “This acquisition will allow us to make our offer more attractive and to continue our strategy to expand into promising segments, adjacent to those we are already present in, as we have previously done with our entry into the smart labels sector with the acquisition of the French Tageos". Meanwhile, Fedrigoni Self-Adhesives Business Unit EVP Fulvio Capussotti added, “Combining Unifol's technology and Fedrigoni's global geographic presence will make us ever more competitive in a rapidly-growing niche market in Europe and throughout the world."
Fedrigoni employs more than 4,500 workers in 27 countries and 48 facilities, including production plants, cutting centers, and distribution. The group sells and distributes a portfolio of 25,000 products in 132 countries.