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Specialty papers and labels maker Fedrigoni has been acquired by private equity firm Bain Capital. Italy-based Fedrigoni was established in 1888 and has 13 manufacturing facilities in Italy, Spain and Brazil, more than 2,700 employees, and a distribution network covering more than 110 countries. The company is expected to generate sales of around $1.3 billion for FY2017.
Bain Capital Private Equity managing director, Ivano Sessa said: “We believe Fedrigoni has the potential to grow significantly, both organically and through acquisitions, and look forward to partnering with the management team to accelerate this as we have done in several other industrial global businesses.”
Details of the transaction were not disclosed and the Fedrigoni family will retain a minority stake in the business.