The Fedrigoni Group has announced that it has entered into an agreement to acquire a majority stake in BoingTech, a subsidiary of Shanghai Inlay Link Inc (a NEEQ-listed Chinese holding company) and a pioneer in the manufacturing of RFID inlays and tags, both UHF and HF/NFC, produced in its two plants (in China and Malaysia). Shanghai Inlay Link will retain a significant share to ensure a smooth transition and continued business enhancement, while Fedrigoni will have the right to purchase the remaining shares of BoingTech in the future.

After this strategic arrangement, Shanghai Inlay Link will maintain its existing activities related to the manufacturing of RFID antennas and full solutions provider through its dedicated legal entities.

Thanks to Boingtech acquisition, which is expecting a turnover of about $60 million for 2024 and more than 300 employees, Fedrigoni strengthens its position as a player in RFID, bringing additional value to customers in both its businesses of self-adhesives and specialty papers for luxury packaging and other creative applications, where it is increasingly important to track-and-trace products along the value chain, as well as to find solutions to protect brands, verify their authenticity and prevent counterfeiting but also to provide consumers with increasingly engaging shopping experiences.

“The world of RFID is growing rapidly and is increasingly strategic for our group. This deal is a further step to significantly increase our size in the segment RFID inlay manufacturing, as well as widen our ability to partner with our customers, alike converters, printers and system integrators, and meet their needs,” comments Marco Nespolo, CEO at Fedrigoni Group.

Plus, like any global industry, the label and narrow web sector relies on the efficient movement of goods and a robust and reliable supply chain. Timely deliveries of substrates, inks, coatings and a wide range of parts and consumables are critical for converters achieving customer satisfaction and retention. However, recent years have seen significant disruptions and challenges in the sourcing of these materials, prompting a closer examination of the current state of affairs.

Labels play an indispensable role in a wide range of industries. From food and beverage to pharmaceuticals, cosmetics to logistics, they serve multiple purposes beyond mere decoration. They provide essential product information, brand protection and differentiation, ensure regulatory compliance, and facilitate supply chain visibility and traceability. When the label industry’s supply chain suffers, so too do the supply chains of the industries that have products that labels adhere to.

Despite their ubiquitous presence and importance, label materials face several challenges in their sourcing process, exacerbated by global dynamics and market forces

Here are the highest-trafficked news items from the week ending on June 28:

1. Fedrigoni acquires majority stake in BoingTech

2. Supply Chain Report

3. Dan Muenzer joins AGH Labels North America

4. PrintFlex Graphics adds Gallus One and Gallus Labelmaster

5. Omet Americas opens new Innovation Center near Chicago