Fedrigoni Acquires UNIFOL
Fedrigoni reaches an agreement to acquire Istanbul-Turkey based UNIFOL and enters the automotive PVC wrap films market in the self-adhesives space.
UNIFOL, based in Istanbul, is a compelling technological player that has created innovative, resistant, and long-lasting PVC films for 3D applications on large surfaces. The acquisition is part of the Fedrigoni Group's strategy to diversify its product portfolio in adjacent sectors, expand its global presence, and strengthen its position as a global leader in self-adhesives.
Fedrigoni Group, a leading player in the production of high value-added specialty papers for luxury packaging and other creative applications, and operating in the premium labels and self-adhesive materials markets, has announced that it will acquire UNIFOL. Istanbul-based UNIFOL, a global self-adhesive manufacturer, was founded in 1994 by its current owners. UNIFOL has approximately eighty employees and specialises in PVC CAST technology for vehicle wrapping with its UNICAST brand. Its film materials are used to protect the body of a vehicle, change the color of a vehicle, and apply graphics.
UNIFOL has made significant investments in this technology, building cutting-edge plants and materials to produce products that meet current standards. This acquisition provides an excellent opportunity for Fedrigoni's self-adhesives division, which is already active in the world of graphics and visual communication solutions, to expand its already robust offering.
“UNIFOL is an extremely interesting technological player for us" – states Marco Nespolo, CEO of the Fedrigoni Group – “because it has developed innovative, resistant, long-lasting self-adhesives that can be used for 3D applications on large surfaces. This acquisition will allow us to make our offer more attractive and to continue our strategy to expand into promising segment, adjacent to those we are already present in, as we have previously done with our entry in the smart labels sector with the acquisition of the French company Tageos”.
“We are greatly satisfied with this operation that allows us to expand our portfolio of solutions in the graphics and visual communication sector” - adds Fulvio Capussotti, Executive Vice President of Fedrigoni’s Self-Adhesives division - “The combination of the UNIFOL technology and the global geographic presence of Fedrigoni will allow us to be ever more competitive in a rapidly growing niche market in Europe and throughout the world”.
Birol Çakır and Erkut Cilvez, the shareholders of UNIFOL also expressed that: “We are delighted to reach an agreement with a solid and expanding international company such as the Fedrigoni Group. We believe that following the completion of the transaction, UNIFOL will accelerate its global growth path and ability to invest in research and development of increasingly high-performance and innovative solutions”.
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