Acquisition By Fedrigoni Unites Firms With Shared Values
The Fedrigoni Group has announced the acquisition of certain assets of Mohawk Fine Papers, Inc., the company it entered into an industrial partnership with last September 2022 to strengthen the distribution of specialty fine papers in the North American market. The arrangement is expected to facilitate Fedrigoni’s ability to produce and distribute a wide range of high value-added papers directly in North America and expand access to Mohawk speciality papers internationally.
Founded in 1931, Mohawk is a family-owned company that produces some of the best-known specialty papers for designers, brands, and printers and that – like Fedrigoni – has strongly innovated in the field of digital printing and sustainability. The sharing of core values such as solid 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 growth strategy.
Fedrigoni is one of the world’s leading manufacturers of special papers, self-adhexive materials, and RFID solutions and was founded in Verona, Italy, in 1888. Comments Marco Nespolo, CEO (shown below) at Fedrigoni Group. “This is our third M&A this year … a relevant step forward to enhance our premium product offerings to customers in the U.S. in specialty papers for luxury packaging and fine digital printing. 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.”
The transaction was finalized through a NewCo incorporated by Fedrigoni to acquire Mohawk’s assets. The transaction has entirely cleared the new company from existing indebtedness, allowing it to preserve the majority of existing jobs, industrial activities and customer relationships.
