The global Group confirms its interest in the promising premium self-adhesives products sector, where it has carried out five M&A operations in the past two years with the aim of strengthening its position as the third player in the world – first in the wine label segment.
The Fedrigoni Group, announces the acquisition of Spanish company Divipa. Divipa is located in Derio, a few kilometers from Bilbao, where it develops, manufactures and distributes self-adhesive materials, with estimated sales of 24 million euros in 2021 and about fifty employees.
Divipa was founded in 1971 by the Alvaro family, which has transferred 100% of the capital to Fedrigoni but some of its executives remain in the management team. With this acquisition, the fifth in two years in the Self-Adhesives sector, Divipa joins Ritrama (Italy), IP Venus and Ri-Mark (Mexico) and Acucote (United States). This acquisition further strengthens the Fedrigoni Group’s position as the third player in the world for self-adhesive materials, where it operates through several brands such as Arconvert, Manter and Ritrama. In fact, Fedrigoni is today the main producer of wine labels and plays a leading role in high-tech self-adhesive labels and films for food, pharmaceutical, automotive, personal and home care sectors and many more.
“The entry of Divipa into the Group is a new milestone in our growth path in the world of self-adhesive materials,” confirms Marco Nespolo, CEO of the Fedrigoni Group. “We have not taken one step backwards in moving our strategic plan forward: broadening the offer in attractive segments and expanding our global presence. These targeted acquisitions enable us to obtain a direct stronghold in all the main geographical markets. We extend a welcome to our Divipa colleagues who are joining our 4,000 global employees.”
“With the acquisition of Divipa, which joins the two self-adhesive production facilities we already have in Spain, we continue our expansion in the increasingly promising sector of self-adhesive materials,” adds Fulvio Capussotti, Executive Vice President of the Fedrigoni Self-Adhesives division. “This operation will allow us to increase production capacity and create numerous synergies in production and procurement.”
The agreement was also hailed with satisfaction by Jaime Alvaro Alvaro, the founder of Divipa, “The Fedrigoni Group is a solid industrial reality expanding strongly at an international level, with ambitious development goals. I am pleased that my company and my people are becoming part of it. I am confident they will find the right ground to grow and consolidate significantly in the next few years.”