The Fedrigoni Group has acquired fellow Italian paper producer Miliani Fabriano in a deal that it claims will make the combined group the second largest in the European specialist papers segment.
The group will have a combined turnover of 342m (E550m). The deal will be concluded shortly after being passed by the European Competition Guarantee Authority.
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"Another sad day for the industry, only made worse after reading that Ian Shenton is heading up the rescue bid... This guy has had more failed takeovers than Santa has reindeers. Just search on..."
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