Fedrigoni Acquires POLI-TAPE | GRAPHICS PRO

May 31, 2024 | by magnews24.com

poli-tape

Image courtesy of Fedrigoni

The Fedrigoni Group, a global manufacturer of specialty papers, self-adhesive labels, and graphic materials, has entered into an agreement to acquire a majority stake in POLI-TAPE Group, a producer of materials for graphic applications, including textile, signage, digital printing, and specialties. 

The POLI-TAPE Group, founded in 1993 and headquartered in Remagen, Germany, employs 370 people located in Germany (including two production sites), Italy (including two production sites), and Oklahoma, U.S. (focused on distribution); while its products are distributed in more than 90 countries.

Its majority shareholder is the Möhren family along with the Bitburger Group as minority shareholder. The Möhren family will retain a significant share to ensure a smooth transition, during which the POLI-TAPE Management team led by Mark Wehrmann will continue to serve its long-standing customers and partners globally.  

“The acquisition of POLI-TAPE allows us to expand and diversify our portfolio of self-adhesive materials for visual communication,” commented Marco Nespolo, CEO of the Fedrigoni Group. “With this deal, we are increasing our presence in attractive segments, such as textile and specialty graphics categories, as well as expanding our manufacturing capabilities. It also adds a distinctive know-how on polyurethane films used, for example, in the automotive wrapping and paint protection segments, which are both highly strategic and synergistic with our recently acquired Unifol in Turkey”

“We are pleased to have reached an agreement with a solid and growing partner like the Fedrigoni Group,” added Sven Möhren, current majority shareholder of POLI-TAPE. “Our operational assets and technological capabilities within the broader Fedrigoni’s platform will enable POLI-TAPE to accelerate its growth path, by reaching thousands of customers worldwide as well as focusing on the research and development of high-performance, premium and innovative solutions.” 

This acquisition is the sixth M&A completed by Fedrigoni in the past four years, including four in 2024.

Fedrigoni was advised by Eight Advisory, PwC, Latham & Watkins, Pirola Pennuto Zei & Associati, AON, and L.E.K., while POLI-TAPE was advised by IMAP M&A Consultants, LMPS Lawyers, and dhpg Tax consulting.

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