Special papers manufacturer Fedrigoni Group has taken a majority share in French company Tageos, a supplier of RFID inlays and tags. This marks the Italian player’s diversification into connected solutions, while reinforcing its offer in the self-adhesives market.
“Thanks to this acquisition, Fedrigoni is entering the ‘smart label’ market. […] The fast-growing demand for innovative, high-quality RAIN RFID and NFC inlays, which enable businesses to digitize their product offerings, has led to a greater need for expansion,” remarked Marco Nespolo, CEO of the Fedrigoni Group, in a statement. “Tageos offers a technology and customer base that is highly complementary to our own.”
The Italian group’s purchase of a majority share of the French RFID supplier, announced earlier this week, brings added value specifically to Fedrigoni’s Paper division, which includes its luxury packaging business, due to the technology’s potential in anti-counterfeiting and brand protection, especially in the context of the high-growth e-commerce channel.
With its new investor, Tageos aims to boost its production capacity and enlarge is international reach. Fedrigoni has the option of acquiring of the remaining shares of the company.
The deal comes one month after Fedrigoni bolstered its premium self-adhesives business with the purchase of Divipa, a Spain-based supplier of self-adhesive materials.