Portals Completes Acquisition of Fedrigoni Security

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 April.

In a separate agreement, Portals has also acquired an option to purchase certain assets and production machinery related to banknote and passport papers from the Fabriano (Italy) security division of Fedrigoni. This option may be exercised by either party by the end of 2021. Fedrigoni’s security business includes an extensive portfolio of security features for banknote applications and other security documents, including magnetic, holographic and colour shift threads, along with colour shift and diffractive foils, as well as the production plant in Bollate (Milan, Italy).