Completion of the sale of Fedrigoni’s Security business to Portals

Fedrigoni, one of the leading European producers of specialty papers and self-adhesive labels, and Portals, one of the world leaders in banknote and security paper production, have completed the sale of Fedrigoni’s Security business based in Bollate, including its employees and assets, as originally announced on 28/04/2021. In a separate transaction, Portals may exercise by year-end an option to purchase certain banknote and passport paper assets, including production machinery, from the Fabriano security division of Fedrigoni.
Marco Nespolo, CEO of Fedrigoni: “Portals is a major player, committed to this market, creating strong prospects for Fedrigoni’s security business.”
Ross Holliday, CEO of Portals: “This transaction broadens Portals’ offering and will enable us to deliver more effectively the leading security products our customers require.”