The Fedrigoni Group – a global manufacturer of specialty papers for luxury packaging and other creative applications, self-adhesive labels and materials, and RFID and connected products, after concluding an industrial agreement a year ago with Arjowiggins HKK3 Limited, owner of the Arjowiggins China Group, announced that it had finalized the acquisition of the entire share capital of Arjowiggins HKK3 Limited on Dec. 29, 2023.

The Quzhou-based paper mill, located in Zhejiang province, is a producer of translucent papers, sold under the Gateway and Sylvicta brands, for applications ranging from industrial design and graphics to food, consumer electronics and luxury packaging.

“With its first paper mill in China Fedrigoni can now strengthen its geographic presence in the Asian market, where it already has an extensive distribution network in China, Hong Kong, the Philippines, Indonesia, and Bangladesh, including 11 warehouses, a self-adhesive materials manufacturing plant in Hefei and an RFID inlays and tags manufacturing plant in Guangzhou,” comments Marco Nespolo, CEO at the Fedrigoni Group. “The deal will also enable the group to further expand its product portfolio in the translucent paper segment, which has the potential to increasingly replace plastic in packaging as a fully recyclable monomaterial.”

Meanwhile, Garrett Gabel has been appointed to the role of chief financial officer at Multi-Color Corporation (MCC), effective January 15. He is a seasoned financial executive who brings 20+ years of global, Fortune 500 leadership experience to MCC, with an exceptional track record of business transformation and creating high-performing teams that deliver consistent results to stakeholders.

Gabel most recently worked at the Eaton Corporation, where he was SVP of Finance for the company’s $7B Industrial Sector business unit. Prior to that, he served in financial leadership roles at Carrier and Avery Dennison, managing multi-billion divisions, investor relations and FP&A.

“Garrett brings incredible strategic, financial and global experience to MCC, as well as a deep familiarity with the labels business. He is another world-class addition to MCC’s leadership team as we continue to stake out our global leadership position for sustained, profitable growth,” says Hassan Rmaile, MCC’s president and CEO.

Here are the highest-trafficked news items from the week ending on January 19:

1. Fedrigoni completes acquisition of Arjowiggins China
2. MCC appoints new CFO
3. Anderson & Vreeland tackles inventory control with RFID
4. UPM Raflatac strengthens presence in North America
5. Atlanta Label invests in Durst Tau RSC technology