The acquisition in Spain will strengthen Fedrigoni's position in in the self-adhesive materials market in Europe and confirm its position as the third player in the world.
Fedrigoni group has acquired family-owned Spanish self-adhesive materials producer Divipa. According to Fedrigoni, Divipa develops, manufactures and distributes self-adhesive materials with 50 employees at the Derio facility near Bilbao. The company's sales for 2021 are estimated at €24m.
The Divipa-owners transfered 100 % of the shares to Fedrigoni, but some members of the owner-family will remain in the management team. Financial details of the deal were not revealed.
“With the acquisition of Divipa, which joins the two self-adhesives production units we already have in Spain, we continue our expansion in the increasingly promising sector of self-adhesive materials. This operation will allow us to increase production capacity and create numerous synergies in production and procurement,” said Fulvio Capussotti, Executive Vice President of the Fedrigoni Self-Adhesives division.
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