The Fedrigoni Group, one of the world’s leading manufacturers of special papers, self-adhesive materials, and RFID solutions, has acquired some assets of Mohawk Fine Papers, a company it entered into an industrial partnership with last September 2022 with the aim to strengthen the distribution of specialty fine papers in the North American market.
“Thanks to Mohawk’s entry into our group we will now be able to produce and distribute to customers a wide range of Fedrigoni high value-added papers directly in North America, and expand access to Mohawk specialty papers internationally,” comments Marco Nespolo, CEO at Fedrigoni Group.
The transaction was finalized through a NewCo incorporated by Fedrigoni to acquire Mohawk’s assets in a sale process initiated by a financial institution, following a period of significant financial distress that affected the U.S.-based company in the past months. The transaction entirely cleared the new company from existing indebtedness, allowing to preserve the majority of existing jobs, industrial activities and customer relationships.
“This is our third M&A this year (after SharpEnd in UK and Arjowiggins China), a relevant step forward to enhance our premium product offerings to customers in the U.S. in specialty papers for luxury packaging and fine digital printing,” adds Marco Nespolo.
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