Specialty papers group Fedrigoni has entered into an agreement to acquire a majority stake in Poli-Tape, a producer of materials for graphic applications. Its current majority shareholder is the Möhren family, along with the Bitburger group as minority shareholder. The Möhren family will retain a significant share to ensure a smooth transition, during which the Poli-Tape management team, led by Mark Wehrmann, will continue to serve its customers and partners globally.
In the large-format digital printing segment and sign making industry Poli-Tape makes a range of graphic films used for indoor and outdoor advertising as well as architectural decoration. Its textile graphics business includes heat-transfer vinyls for the embellishment of textiles and other substrates. The portfolio also includes application tapes and self-adhesive specialties (e.g. magnetic and special effects, adhesive tapes).
“The acquisition of Poli-Tape allows us to expand and diversify our portfolio of self-adhesive materials for visual communication,” said Marco Nespolo, CEO of the Fedrigoni. “With this deal we are increasing our presence in attractive segments, such as textile and specialty graphics categories, as well as expanding our manufacturing capabilities. It also adds a distinctive know-how on polyurethane films used, for example, in the automotive wrapping and paint protection segments, which are both highly strategic and synergistic with our recently acquired Unifol in Turkey”
“We are pleased to have reached an agreement with a solid and growing partner like the Fedrigoni group,” added Sven Möhren, current majority shareholder of Poli-Tape. “Our operational assets and technological capabilities within the broader Fedrigoni’s platform will enable Poli-Tape to accelerate its growth path, by reaching thousands of customers worldwide as well as focusing on the research and development of high-performance, premium and innovative solutions.”
The Poli-Tape group, founded in 1993 and headquartered in Remagen, Germany, employees 370 people located in Germany (incl. two production sites), Italy (incl. two production sites) and Oklahoma, USA (focused on distribution); while its products are distributed in more than 90 countries.
This latest move brings the number of mergers and acquisitions completed by Fedrigoni in the past four years to 16, including four so far in 2024.
