# Cadica Group acquires majority of Italian packaging maker Giorgi

H.I.G. Capital portfolio company Cadica Group has acquired the majority of Scatolificio Cartotecnica Giorgi, a Tolentino packaging box maker producing over 70,000 boxes daily, announced January 21, 2020.

- Type: Acquisition
- Announced: 2020-01-21
- Where: Tolentino (Macerata), Italy
- Status: completed
- Capacity: over 70,000 boxes daily from a 4,000 sqm plant
- Products: packaging boxes, shopping bags, brand packaging
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [H.I.G. Capital](https://endata.com/companies/2117.md) (investor)
- [Cadica Group](https://endata.com/companies/6018.md) (acquirer)
- [Scatolificio Cartotecnica Giorgi](https://endata.com/companies/6019.md) (target)
- [Giorgi Boxes & Packaging](https://endata.com/companies/6037.md) (target)

## Sources

- [hig.com](https://hig.com/news/h-i-g-capital-portfolio-company-cadica-group-acquires-scatolificio-cartotecnica-giorgi/), 2020-01-21: "Cadica Group S.r.l. has acquired the majority of Scatolificio Cartotecnica Giorgi S.r.l."
- [cbinsights.com](https://www.cbinsights.com/company/giorgi-boxes-packaging), 2020-01-23: "On January 23rd, 2020, Giorgi Boxes & Packaging was acquired by Cadica."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.