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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"Sorry to read this, a big name to go down, hopefully a lot of the £1.8M was insured. We are recruiting operational staff & currently in-talks to assist the clients with immediate requirements."
"£1.8m !! Very big numbers indeed."
"Now black really is white. Ditching a product line with all its consequences for customers is now an award winning move. Priceless!"
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