Investment firms Bain Capital Private Equity and BC Partners have entered into a joint ownership agreement for Fedrigoni, a producer of self-adhesive labels and fiber-based packaging products.
Bain Capital acquired Fedrigoni in 2017. Under Bain Capital’s ownership, Fedrigoni has more than doubled Adjusted Sales and nearly tripled Adjusted EBITDA through a combination of organic growth acceleration and M&A execution.
This new partnership will support Fedrigoni’s management team as it looks to build on its successful track-record of M&A.
BC Partners’ portfolio companies have executed more than 400 add-on transactions over the last decade.
Together with Bain Capital, the Fedrigoni Group has carried out a transformation that rested on five pillars: a distinctive and premium offering; superior customer intimacy and experience; operational excellence; attraction of the best talent and development of its 4,500 people, while creating an inclusive and safe environment; acceleration in acquisitions aimed at geographical expansion and product portfolio diversification.
Fedrigoni has also embedded sustainability into its business strategy, including ongoing efforts to reduce its environmental impact and to support customers in tackling their transition toward ecological practices and an increasingly circular business.
This includes research on increasingly sustainable materials to the development of products to help brands in their plastic-to-paper transition, as well as the reuse of waste from customers’ production processes and the development of mono-material solutions.
Through its 2030 sustainability roadmap, Fedrigoni committed to reduce by 30 percent its carbon emissions by 2030, and to reach carbon neutrality by 2050 in line with the Science-Based Targets Initiative, with 95 percent recovered water and 100 percent industrial waste recovery across its operations. This year it has received a Platinum EcoVadis sustainability rating.