The Fedrigoni Group after concluding an industrial agreement a year ago with Arjowiggins HKK3 Limited, owner of the Arjowiggins China Group, announced that it had finalized the acquisition of the entire share capital of Arjowiggins HKK3 Limited.

The Quzhou-based paper mill, located in Zhejiang province, is a world leader in the production of translucent papers for applications ranging from industrial design and graphics to food, consumer electronics and luxury packaging.

"With its first paper mill in China Fedrigoni can now strengthen its geographic presence in the Asian market, where it already has an extensive distribution network in China, Hong Kong, the Philippines, Indonesia, and Bangladesh, including 11 warehouses, a self-adhesive materials manufacturing plant in Hefei and an RFID inlays and tags manufacturing plant in Guangzhou - comments Marco Nespolo, CEO at the Fedrigoni Group - The deal will also enable the group to further expand its product portfolio in the translucent paper segment, which has the potential to increasingly replace plastic in packaging as a fully recyclable monomaterial".

Today, the Quzhou manufacturing plant employs 130 people and produces about 7,000 tons of translucent papers annually. Product innovation related to the transition from plastic to paper is a major area of investment in the research development and innovation roadmap for Fedrigoni and a key pillar of its ESG strategy to 2030.

With Arjowiggins China, the number of M&As completed by Fedrigoni in the last four years rises to 14, including two in the new year.

The Fedrigoni Group is a leading global player in the production of specialty papers for luxury packaging and other creative applications, self-adhesive labels and materials, and RFID and connected solutions.