The Rink family has announced that it has decided to sell Ritrama to Fedrigoni Group, a partner of strong financial strength and values to accomplish further growth and synergies.
The decision was taken after long and intense reflections and considerations including the current and future needs for Ritrama group, the well-being of its more than 1200 employees, its long-standing customer and supplier base as well as that of the Rink family.
The Fedrigoni Group stems from a similar background and was in recent years acquired by Bain Capital, one of largest Private Equity Firms worldwide. This acquisition will allow the Fedrigoni group to further strengthen and expand within the global self-adhesive materials market, guaranteeing continued service, quality products and innovation to the global markets and to the Ritrama family’s continued success.
The closing of the operation is expected, pending antitrust approvals, within the month of February 2020 and includes all activities of Ritrama within its various divisions: Roll Label, Graphics, sheet offset and Industrial (as well as Polifibra).
The Rink family will continue owning and managing the US activities of Ritrama, which are excluded from the sale. However there will be continued collaboration with the rest of the Ritrama group going forward.
The Rink family thanks all its customer and suppliers, all its employees, all the territories and countries where Ritrama has set its productions facilities and its network of distribution centres, in particular the territory of Brianza, the regions of Lombardy and Marche, for the many years of intense collaboration, loyalty and dedication.
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RITRAMA www.ritrama.com
