The Fedrigoni Group has acquired fellow Italian paper producer Miliani Fabriano in a deal that it claims will make the combined group the second largest in the European specialist papers segment.
The group will have a combined turnover of 342m (E550m). The deal will be concluded shortly after being passed by the European Competition Guarantee Authority.
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"This is a repeat of what happened to 1066 Capital t/a Crystal a year ago. They also never put this company in administration.
We are all still left unable to claim the redundancy and notice pay owed..."
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