Fedrigoni and Arjo Wiggins have entered exclusive negotiations for the purchase of the Brazilian company Arjo Wiggins Ltda (part of Sequana Group) by Fedrigoni Group. The negotiation sees a company valuation of Euro 85 million, of which Euro 5 million are payable in 2016 and tied to specific conditions and results, as the company said in the press release received by Lesprom Network.
Arjo Wiggins Ltda, active in the South American markets for money paper, documents, fine papers, has a 2014 turnover of around Euro 70 million. The closing of this deal is foreseen within May, 2015.
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, security products (such as paper for banknotes and security documents) and self-adhesive items (“converting”) and is the leader in Italy and Europe by total turnover1 in the production and sale of special graphic papers.