Fedrigoni, one of the world's leading producers of specialty papers, self-adhesive materials and radio frequency identification (RFID) solutions, continues its international expansion. The Italian group announces the purchase of assets from the American company Mohawk Fine Papers, with which it had established an industrial partnership in September 2022.
Objective: to strengthen distribution of premium papers in the North American market. "This is our third merger-acquisition this year (after SharpEnd in the UK and Arjowiggins in China), and an important step in strengthening our high-end product offering for customers in the United States.comments Marco Nespolo, CEO of the Fedrigoni Group. Thanks to Mohawk's entry into our group, we will now be able to produce and distribute to our customers a wide range of high value-added Fedrigoni papers directly in North America, and expand access to Mohawk specialty papers internationally. In this way, we will further support the strategies of our customers who prefer proximity models to the traditional global purchasing approach, in order to minimize environmental impact and the risks of supply chain disruption."
Mohawk, a family-owned company founded in 1931, manufactures some of the world's best-known specialty papers for designers, brands and printers. The American company and Fedrigoni share common values, such as innovation and reduced environmental impact, in which they do not hesitate to invest.
Mohawk is now part of the Fedrigoni Special Papers division. The transaction was finalized through a NewCo set up by Fedrigoni to acquire Mohawk's assets as part of a sale process initiated by a financial institution, following a period of financial difficulties that had affected the American company in recent months. The transaction fully relieved the new company of its debt, preserving the majority of jobs, industrial activities and customer relationships.
