The Fedrigoni Group has completed the acquisition of 100% of the share capital of GPA (Gummed Papers of America) from Svodoba Capital Partners. A price of approximately $50 million was paid for the acquisition, with the funds all arriving from the Fedrigoni’s financial resources, as the company said in the press release received by Lesprom Network.
As a result of this acquisition the Fedrigoni Group, which already achieves 64% of its sales on foreign markets, will strengthen its presence at an international level by making a forceful and direct entry into the American digital printing support distribution market.
The industrial synergies expected to be seen consist of an enhancement in the volumes of raw material supplied (Fedrigoni is currently GPA’s main supplier), with the possibility of making a structured entry through a direct sales network into the digital toner and large format film sectors of the North American market as well as the self-adhesive paper sector in the United States.
GPA is an American company specializing in the distribution and testing of digital printing support items such as plastic film, paper and adhesives.
This acquisition is in line with the Fedrigoni Group’s strategy for growth on the international markets, having the aim of further consolidating our positioning in high value added and high profitability segments,» stated the Company’s CEO Claudio Alfonsi, who continued: “We are extremely pleased because thanks to GPA the Fedrigoni Group will now be able to gain access to the US digital printing support market with direct and consolidated coverage, and this will constitute a solid base for the development of additional distribution networks for complementary products. We have known the GPA team for many years and are aware that they have the same working and market philosophy as us: this is an acquisition of which we are especially proud.
The Fedrigoni Group is a leading international player in the production and sale of various types of paper and in particular high value added paper.