Portals to acquire the security business of Fedrigoni for $30.6m

Portals, a UK-based supplier of banknote and security paper, agreed to acquire the security business of Fedrigoni, a producer of specialty papers and high value-added products for packaging, graphics and self-adhesive labels, for $30.6m "We look forward to the completion of the transactions and to welcoming Fedrigoni’s skilled and experienced Bollate team to Portals as we continue to develop a leading, integrated security paper business. This transaction will enable Portals to develop and deliver more quickly and efficiently, the leading security products our customers require," Ross Holliday, Portals CEO.