Merger of PAGO Group with Fuji Seal International
Fuji Seal and Pago, two acknowledged specialists in their particular business areas, are to merge. Fuji Seal, the leading global manufacturer of shrink sleeves and sleeving machinery, is continuously expanding its business in Europe, America and South East Asia; most recently, it extended its product range to include spouted pouch packaging and is now supplementing this activity in Europe to cover the self-adhesive labels business area, and the accompanying labelling technology, by the acquisition of Pago.
By taking this step, Fuji Seal is pursuing its vision of offering its clients a wide range of packaging products and services, while understanding and meeting extensive customer criteria in many different areas, so becoming the business partner of first choice for its customers. Through ongoing developments in the areas of packaging materials and packaging machinery, Fuji Seal is not only meeting customer wishes, but also opening up new productivity potentials for them with all kinds of distinctive value-added features for their products. As part of its growth strategy and as a “Total Packaging Company”, Fuji Seal decided in favour of this acquisition in order to be in a position to offer a still more comprehensive product range in Europe as well.
The Pago Group, which is itself a leader in the manufacture of high quality self-adhesive labels for all kinds of industries and also internationally active in the domain of labelling and marking technology, makes an excellent strategic fit with the business model of the Fuji Seal Group. The merger will create an international supplier of sleeves, self-adhesive and booklet labels as well as sleeving, labelling and marking equipment which will offer customers a comprehensive solution package ranging from consumables to machine technology.
At the same time, the acquisition also represents a succession arrangement for the Pago Group shareholders designed with the future in mind and will secure the continuing existence of the Pago business as a dependable supplier of its loyal customers and as an employer at different sites in Europe.
Customers of the two companies will benefit in future from even greater product diversity, comprehensive consultancy and system expertise to secure the implementation of dependable all-round solutions. For the time being there will be no changes at the two companies in regards to the daily course of business or the contact persons for customers, suppliers and partners.
The merger was contractually agreed on 31 May 2012 and will be completed on 1 July 2012.
About the Fuji Seal Group
The Fuji Seal Group is listed on the Tokyo stock exchange, and operates currently more than 20 branch establishments in Japan, South East Asia, Europe and North and Central America and employs some 2,500 persons worldwide. The product range comprises all kinds of product decoration technologies (e.g. sleeves, self-adhesive and in-mould labels), primary packaging solutions (e.g. spouted pouches), application machines for sleeves and various packaging and label specialities. With this offered range, Fuji Seal focuses its business on the food, beverages, household cleaning and body care industries.
About the PAGO Group
The Pago Group has two large production sites in Switzerland and Germany, together with further branch establishments in other European countries; it operates an international network of partners and employs over 900 persons. Pago specializes in labels and labelling technology and the product range comprises self-adhesive labels, sleeves, labelling and marking technology and software. The Pago Group focuses on the hair and body care, pharmaceuticals and chemicals, beverages and food industries and also on logistics.