Fedrigoni has finalised its acquisition of the entire share capital of Arjowiggins HKK3 LTD, owner of the Arjowiggins China Group.
Arjowiggins HKK3 is Quzhou-based paper mill, located in Zhejiang province and specialises in the production of translucent papers, sold under the Gateway and Sylvicta brands, for applications ranging from industrial design and graphics to food, consumer electronics, and luxury packaging.
According to Marco Nespolo, CEO of the Fedrigoni Group; “With its first paper mill in China, Fedrigoni can now strengthen its geographic presence in the Asian market, where it already has an extensive distribution network in China, Hong Kong, the Philippines, Indonesia, and Bangladesh, including 11 warehouses, a self-adhesive materials manufacturing plant in Hefei, and an RFID inlays and tags manufacturing plant in Guangzhou. The deal will also enable the group to further expand its product portfolio in the translucent paper segment, which has the potential to increasingly replace plastic in packaging as a fully recyclable monomaterial.”
