“The objective of this operation was to strengthen the distribution of premium papers in the North American market. The transaction was finalized as part of a sale process initiated by a financial institution, following a period of financial difficulties that had affected the American company in recent months. The transaction has completely freed the new company from its indebtedness, thus preserving the majority of jobs, industrial activities and customer relationships,” explains Fedrigoni.
“Thanks to Mohawk’s entry into our group, we will now be able to produce and distribute to our customers a wide range of high value-added papers directly in North America, and broaden access to specialty papers on an international scale. In this way, we will further support the strategies of our customers who prefer proximity models to the traditional global purchasing approach, in order to minimize environmental impact and the risks of supply chain disruption.”