Tageos welcomes renowned investor Fedrigoni Group, accelerating new levels of sustainable growth
Montpellier, France, March 30, 2022 – Tageos, a global leader in RFID inlays and tags, today announced a new majority shareholder: Fedrigoni Group. The company is a leading global player in the production of high value-added special papers for packaging, publishing and graphics, as well as in premium labels and self-adhesive materials.
Founded in 1888, and a Bain Capital asset since 2018, Fedrigoni Group has acquired the majority stake of Tageos’ capital through a direct investment, and from current shareholders including Newfund Capital and the company’s founders, who will retain their leadership positions in the company.
For several years, Tageos has experienced very high growth rates, far above the overall RFID industry level. For the French-based RFID powerhouse, this great success is accompanied by the need to continue its sustainable growth and global expansion strategy to meet and support the latest customer and market requirements worldwide.
Enabling higher production capacity and global expansion for Tageos
In response to these needs, Tageos decided to broaden its ownership structure and capitalization power. Fedrigoni Group – as well as its owner Bain Capital – not only proved to be the most suitable partner to support the company in its expansion plans: It will also enable Tageos to further boost its production capacity and, at the same time, enter new markets and serve existing and new customers better than ever before.
Matthieu Picon, CEO at Tageos, wholeheartedly supports this conclusion. “What we are announcing today sets the future direction for everyone at Tageos. We are very proud and honored to welcome our new investor Fedrigoni, who combines a long-standing history and stability with innovation and passion. Our companies’ DNA and ambitions match perfectly, as do our complementary customer bases and target audiences. I am sure that customers and market partners alike will quickly see the increased opportunities this will bring not only to Tageos, but also to the overall RFID market and applications.”
Supporting Fedrigoni’s primacy in the self-adhesive materials market
This synergy is confirmed from Fedrigoni's perspective as well, since Tageos’ extensive RFID expertise and innovative product portfolio not only support the Group’s ambition to further strengthen its leading market position by providing “smart labels” to its customers and key markets: It also contributes to its diversification of product offerings. Consequently, the global player considers its investment a logical addition to six earlier acquisitions in the last two years. It will enable Fedrigoni to add more value to its customers and existing markets, such as food, wine & spirits, cosmetics, healthcare & pharma. Moreover, the company will strengthen its market share in retail, logistics and industrial applications, which have been identified as key strategic growth areas.
“Tageos is a company with excellent growth prospects and operates in sectors that are definitely interesting for us, with a technology and customer base that is very complementary to ours,” says Marco Nespolo, CEO of the Fedrigoni Group. “Thanks to this acquisition, we are entering the ‘smart label’ market, pursuing our strategy of continuously widening our offer in all the most attractive and promising adjacent segments.”
“Tageos has been a leading player in the RFID market for years. We are very excited and eager to continue our commitment to the company, following on from our support for Tageos since 2012, and to help drive its future growth and continued success,” said Francois Veron, General Partner at Newfund Capital.
While all parties agreed to not disclose any further conditions of the deal, they did state that as part of the agreement, Fedrigoni will have the possibility to purchase the remaining shares in Tageos in the future.
Tageos is a global market leader in the design and manufacturing of RFID inlays and tags. The company provides a comprehensive portfolio of high-quality, innovative RAIN RFID (UHF), NFC and HF products, enabling customers such as retailers, brand owners and industrial manufacturers to identify, authenticate, track and trace, and complement their product offerings in a wide range of applications and markets. Tageos is ISO 9001-2015 certified and has received ARC Quality Certification from Auburn University’s RFID Lab for the design and manufacturing of its RFID inlays and tags. Tageos is headquartered in Montpellier, France, with offices, sales, R&D and operations in Germany, USA, Hong Kong and China. For more information, visit www.tageos.com.
Since 1888, Fedrigoni has stood for excellence in the manufacture of specialty papers. It is one of Europe’s major players in the production and sale of different types of high value-added paper for packaging and graphics, premium labelling products and other self-adhesive materials. With more than 4,000 employees in Italy and abroad and 25,000 products, the Group sells and distributes in over 130 countries and has become the third largest global player in the self-adhesive materials sector, thanks to recent acquisitions. The Paper business unit includes the Cordenons Group and the historic Fabriano brand, and the Self-Adhesives business unit includes Arconvert, Manter, Ritrama (since February 2020), IP Venus (since December 2020), Acucote and Ri-Mark (since June 2021), and Divipa (since February 2022). The American distributor GPA is also part of the Group.
For more information, visit www.fedrigoni.com
Newfund Capital is the only 100% early-stage VC with a dual presence in France and the USA. Since our launch in 2008, we have built a community of 100+ startups bringing disruptive innovation. We invest in seed capital from €250k to €1M to initiate international development and we support entrepreneurs in the long run through follow-on investments. On the LP side, Newfund Capital has the largest base of entrepreneurs and family offices in France for an innovation fund.
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