Fedrigoni Acquires Spanish Specialty Paper Producer Guarro Casas
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The Fedrigoni Group has signed an agreement with Arjowiggings for the acquisition of Guarro Casas, a manufacturer of specialty graphic papers. The company is based in Gelida (Barcelona), Spain, where it operates a plant with 140 employees.
Terms of the deal were not disclosed.
Fedrigoni said the agreement was signed a few days after the Arjowiggings Group and its UK subsidiaries filed for administration.
Guarro Casas specializes in the production of quality fine papers, mainly for binding and creative applications, notably luxury packaging, book covering and security applications.
"The acquisition of Guarro Casas is a new chapter of our global growth strategy in the world of specialty papers for premium packaging and other creative applications that will allow us to serve all brands, designers, printers, converters even more effectively," said Marco Nespolo, CEO of the Fedrigoni Group. "The inclusion of this new company in our group will expand our portfolio with additional know-how and technologies fully complementary with ours.
"Future synergies will then also involve Fedrigoni's Self-Adhesives business unit, with special reference to the premium labels segment," Nespolo added.
Jordi Sauras, General Manager of Guarro Casas, commented, "Our two companies are extremely well-matched and Fedrigoni's experience in the luxury packaging sector, its knowledge of processes and manufacturing, added to the global dimension, will be crucial in helping us to develop new and highly innovative solutions."
