Tecnoform and Fedrigoni have formed a joint venture to create innovative, eco-friendly packaging solutions for the luxury market.
Information on the Target
Tecnoform, headquartered in Colorno (Parma), specializes in the production of trays, displays, and internal components for packaging. Its offerings incorporate plastic and other materials, serving diverse industrial sectors such as cosmetics, fashion, toys, and food. The company employs approximately 80 staff and recorded a revenue of about €20 million in 2020.
In this strategic move, Tecnoform has established a new operational joint venture (NewCo) dedicated to the development of innovative packaging solutions. This venture will focus on the production of internal trays made entirely from cellulose, ensuring biodegradability and environmental compatibility, utilizing proprietary technology along with certified and patented solutions.
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Industry Overview in Italy
The Italian packaging industry is renowned for its commitment to quality and innovation, particularly in luxury packaging. As consumers increasingly prioritize sustainability, the dema
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Fedrigoni
invested in
Tecnoform
in 2023
in a Joint Venture deal
Disclosed details
Revenue: $22M