The Fedrigoni Group signs an agreement to acquire Papeterie Zuber Rieder, a producer of high-end papers for luxury packaging and other creative applications, premium labels and self-adhesive materials.
The execution of binding documentation, and the completion of the acquisition of 100 per cent of the shares of Papeterie Zuber Rieder, remain subject to the consultation of the works council of Papeterie Zuber Rieder.
Founded in 1881 in Boussières (France), Zuber Rieder was taken over in the early 2000s by Luc Gaillet and Alain Martz, with the aim of repositioning the company in a fast-growing segment: premium papers for wine and spirit labels. Since then, Zuber Rieder, with its 130 people, has experienced strong growth, turning its industrial facilities into one of Europe’s most efficient specialty paper production sites.
This partnership would represent another important step for Fedrigoni Group on its consolidation path as a global manufacturer of premium wine and spirits papers. Zuber Rieder would benefit from Fedrigoni’s production capabilities and international network.
Martz, chair, and Gaillet, CEO of Papeterie Zuber Rieder would maintain a strategic role in order to support the integration into the Fedrigoni Group and the future development of the company. Martz would retain an executive role as general manager of Zuber Rieder, while Gaillet would keep a non-executive role as a member of the board.
“We are very pleased to announce our intention to acquire Papeterie Zuber Rieder,” said Marco Nespolo, CEO of the Fedrigoni Group. “Their marked specialist skills and proprietary technologies will allow us to supplement our already rich product portfolio both for papers for luxury packaging and those for high end wine and spirits labels, where we want to consolidate our position as the leading global player. This future transaction once again shows that we are determined to pursue a constant global strategy of growth, both in specialty papers for all creative applications and in premium self-adhesive materials, in order to better serve our customers worldwide.”
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