The deal, which was announced earlier this week, is part of Fedrigoni’s strategy to continue to diversify its product range in adjacent sectors, expand its global presence, and reinforce its market position in the global self-adhesives space.

Founded in 1994 by its current owners, Unifol employs around 80 staff and specialises in PVC Cast technology for vehicle wrapping with its Unicast brand. Its film materials are used to protect the body of a vehicle, change a vehicle’s colour, or apply graphics.

“Unifol is an extremely interesting technological player for us because it has developed innovative, resistant, long-lasting self-adhesives that can be used for 3D applications on large surfaces,” said Marco Nespolo, CEO of the Fedrigoni Group.

“This acquisition will allow us to make our offer more attractive and to continue our strategy to expand into [this] promising segment, adjacent to those we are already present in, as we have previously done with our entry in the smart labels sector with the [March 2022] acquisition of the French company Tageos.”

Birol Çakır and Erkut Cilvez, the shareholders of Unifol, added: “We are delighted to reach an agreement with a solid and expanding international company such as the Fedrigoni Group.

“We believe that following the completion of the transaction, Unifol will accelerate its global growth path and ability to invest in research and development of increasingly high-performance and innovative solutions.”

In February Fedrigoni acquired Spanish business Divipa, which develops, manufactures, and distributes self-adhesive materials.

Its other recent buys have included Italian company Ritrama, Mexican business Industria Papelera Venus, US manufacturer and distributor Acucote, and Ri-Mark, one of the main distributors in Mexico, of which it already held 30%.

Founded in 1888, Fedrigoni offers 25,000 products and distributes to more than 130 countries.