Fedrigoni has completed the acquisition of Acucote Inc., a company headquartered in Graham, North Carolina, which develops, manufactures and distributes self-adhesive materials, with a leading position in the US market, a turnover of over $70 million and 142 employees.
Acucote was founded 34 years ago by John Leath, who has been running it together with his family. With one plant and 4 distribution centres, the acquisition of the company is an excellent opportunity for Fedrigoni, which aims to extend its presence in the United States, an extremely potential market where the Group is already well known and appreciated for its label materials for fine wines.
“The acquisition of Acucote represents a further step in the growth strategy in the increasingly promising self-adhesive materials sector, where we are determined to expand our position as market leader,” stated Marco Nespolo, CEO of Fedrigoni Group, “and it is in line with our wish to diversify our geographical penetration, strengthening our position across the Americas and in particular in the United States.”
“The new entry to the Group will allow us to increase production capacity directly on site and to distribute throughout the United States, also thanks to the integration with our subsidiary company, GPA, to create excellent procurement alliances and to count on cutting-edge technologies, including in terms of environmental sustainability” added Fulvio Capussotti, Executive Vice President of the Fedrigoni Self-Adhesives division.