Fedrigoni Group completed the acquisition of Tageos from Newfund Capital.

Fedrigoni Group, a paper manufacturer of different types of paper for packaging, printing, and graphics, and solutions for the world of self-adhesive materials, completed the acquisition of Tageos, a manufacturer of paper-based RFID labels for item-level tagging of consumer goods and business assets, from Newfund Capital, early-stage venture capital with a dual presence in France and the USA. Financial terms were not disclosed. “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,” Matthieu Picon, Tageos CEO.