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Fedrigoni investigating options for Security division

06 Aug 2019 − 

Fedrigoni is considered one of the major suppliers of specialty paper worldwide. In the banknote paper sector, however, the company has been struggling for years. It is now looking for alternatives for its security paper division.

The workforce of Italian firm Fedrigoni is still feeling uncertainty following a meeting with company management. The company wants to grow in certain segments. At the same time, it is considering divesting businesses that are not profitable and/or will no longer be part of its core business. One such business is the Security division, where the options being considered include a sale of the business or closure of the site.

In a press release from early July, and at a meeting with employees at the end of the month, Fedrigoni management announced its plans and deliberations for the struggling division. The company said it was continuing to search for new contracts worldwide but was also investigating alternatives for the security paper business. According to Fedrigoni, other companies from the industry have expressed interest in a potential partnership or a joint venture with the security division.

However, representatives from the three large Italian unions Slc-Cgil, Fistel-Cisl and Uilcom-Uil said in a joint statement dated 1 August that the consultants are also actively looking for potential buyers for the security division.

Find the full article in EUWID Pulp and Paper 32/2019, which will be published on 7 August.

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