Giano Srl, an Italian subsidiary of Fedrigoni Group dedicated to the office paper business segment, will cease all commercial and production activities from January 1, 2025.
Oct 18, 2024
The Fedrigoni Group, leading global manufacturers of high added-value specialty papers for packaging and other creative applications, premium self-adhesive materials and RFID solutions, has decided to exit the office paper business and close Giano Srl, its Italian subsidiary dedicated to this segment.
According to a company statement, Fedrigoni made the difficult decision following years of decline in the photocopy paper market and two years of unsuccessful search for partners willing to invest in Giano. The Group has decided to focus its investments and resources on specialty papers for packaging and creative communication, including art and drawing.
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Fedrigoni CEO Marco Nespolo said, “We have long searched, without success, for partners who would provide the necessary guarantees for the development and relaunch of the office business. We explored all possible scenarios, to the point of considering selling the entire Fabriano business, even though it is a strategic asset for us. Unfortunately, in this case too, we have not identified any potential partners, so we have come to the difficult but necessary decision to exit the office business, to be able to concentrate our efforts and investments on the distinctive products of Fabriano art and drawing, a symbol of excellence of Made in Italy in the world and a strategic asset for Fedrigoni.”
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“This does not mean that we are leaving the Marche region. On the contrary, we will continue to invest in the development of our production and converting sites in the area. We will do everything necessary to mitigate the impact of this decision on the people involved. Dialogue and collaboration with all social parties will be crucial,” he added.
