The Fedrigoni Group, one of the global players in the production of specialty papers for luxury packaging, premium labels and self-adhesive materials markets, has announced an agreement to acquire Unifol .
Founded in 1994 by its current owners, Unifol has approximately eighty employees and specialises in PVC CAST technology for vehicle wrapping with its Unicast brand. Its film materials are used to protect the body of a vehicle, change a vehicle’s colour or apply graphics.
This acquisition presents an opportunity for Fedrigoni’s self-adhesives division to enrich its already broad offering.
Marco Nespolo, CEO of the Fedrigoni Group said, “UNIFOL is an extremely interesting technological player for us because it has developed innovative, resistant, long-lasting self-adhesives that can be used for 3D applications on large surfaces.”
“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 in the smart labels sector with the acquisition of the French company Tageos,” Nespolo
Fulvio Capussotti, Executive Vice President of Fedrigoni’s Self-Adhesives division said, “We are greatly satisfied with this operation that allows us to expand our portfolio of solutions in the graphics and visual communication sector. The combination of the UNIFOL technology and the global geographic presence of Fedrigoni will allow us to be ever more competitive in a rapidly growing niche market in Europe and throughout the world.”
Talking about acquisition Birol Çakır and Erkut Cilvez, the shareholders of Unifol said, “We are delighted to reach an agreement with a solid and expanding international company such as the Fedrigoni Group. We believe that following the completion of the transaction, Unifol will accelerate its global growth path and ability to invest in research and development of increasingly high performance and innovative solutions.”