The Fedrigoni Group, an Italian leader in specialty paper manufacturing, announced it will no longer proceed with its planned acquisition of a majority stake in BoingTech, a producer of RFID inlays and tags.
The decision was made in light of altered conditions surrounding the obligations and commitments between Fedrigoni and BoingTech’s parent company, Shanghai Inlay Link Inc., a Chinese holding company listed on the NEEQ.
This move does not mark a shift in Fedrigoni’s commitment to RFID technology, which remains a strategic focus for the company. The group intends to continue its collaboration with Tageos, an established leader in RFID inlays and tags and a Fedrigoni subsidiary since 2022. Tageos has demonstrated significant growth, surpassing market averages, and remains central to Fedrigoni’s strategy to expand in the RFID sector.
The decision underscores Fedrigoni’s intention to enhance its RFID offerings through organic growth and potential future acquisitions, allowing the group to capitalize on the burgeoning demand for RFID solutions across various industries.
Founded in Verona in 1888, Fedrigoni is renowned for its high-quality specialty papers and self-adhesive materials, especially those tailored for luxury packaging, labels, and creative applications. With nearly 6,000 employees across 78 facilities in 28 countries, Fedrigoni offers a vast portfolio of over 25,000 products distributed in 132 countries.
