Stirling Square Capital Partners signed a contract with Wise Equity to acquire 100% of Tapì, an Italian maker of premium beverage closures. The deal is expected to close in early 2023. No price was disclosed.
Private equity firm Stirling Square completed its acquisition of Tapi, a beverage packaging closures group, from Wise Equity for €300m. The announcement was dated 20 December 2022 and the deal was completed in February 2023.
France's Alliance Etiquettes purchased Italian label printer Tonutti Tecniche Grafiche, extending its reach into wine and Prosecco production regions in northern Italy, its tenth acquisition since 2015.
Prinzhorn Group has made a proposal to acquire corrugated packaging plant Scatolificio La Veggia S.p.A. in Roteglia, Italy, which is undergoing restructuring under Italian law. The final takeover is expected in 2023 after court approval; financial terms were not disclosed.
Rubix S.p.A. has completed the merger by incorporation of Barlotti S.r.l., a Sala Bolognese plastics processing company with over 40 employees and annual revenue above EUR 10 million, which Rubix had acquired in March 2020.
Germany-based The Palm Group acquired family-owned corrugated board maker Orsini Imballaggi, with effect from September 2022. The plant southeast of Milan adds to Palm's production capacity in Italy.
Ferrarelle Società Benefit has agreed to transfer ownership of its Presenzano site in Caserta, Italy to the Aloxe Group, with a 10-year R-PET supply contract also agreed. Closing is planned for 7 November 2022.
The ISEM Group and Industrial Pack closed the aggregation of Industrial Pack into the ISEM Group, creating a luxury packaging group focused on perfumery, cosmetics and wine and spirits packaging.
Groupe Guillin acquired 90% of Ciesse Paper, an Italian maker of cardboard packaging for the fruit and vegetable market, on 2022-09-23. The founders Elisa and Lorenzo Govi keep 10% and remain in operational roles. Ciesse Paper reported 2021 revenue of EUR 28 million and is based in the Mantua area.
Chinese carton maker Greatview Aseptic Packaging signed an agreement to acquire the assets of Alternapak Production srl, an idled aseptic carton plant in San Pietro in Gu, Italy. Production is expected to restart toward the end of 2022, making it Greatview's fifth plant globally.
Mondi agreed to acquire the Duino mill near Trieste, Italy, from Burgo Group for a total consideration of €40 million. Completion is expected in the second half of 2022, subject to competition clearance.
Lu-Ve completed the acquisition of Italia Wanbao-ACC Srl through its subsidiary SEST SpA, with a total planned investment of EUR 8.95 million. The plant will be expanded to make static heat exchangers, and 150 former ACC workers will be hired by June 2024.
Italian pump maker Calpeda is joining Wateralia, a platform company backed by Ambienta SGR that already includes Caprari. The combined group will have sales above €220 million, five production sites and 1,000 employees; the announcement was made on 26 July 2022.
Bain Capital Private Equity and BC Partners signed definitive documents for a joint ownership agreement over Fedrigoni, a producer of self-adhesive labels and fibre-based packaging. The agreement was announced on 26 July 2022.
DexKo Global has signed a definitive agreement to acquire Fluid-Press Group, an Albinea, Italy maker of hydraulic valves and manifold blocks for agricultural, industrial and construction machinery. Financial terms were not disclosed in the text provided.
Schulthess Maschinen AG acquired a majority stake in GMP SRL of Pieve di Soligo, Italy, effective 23 June 2022. No value was disclosed.
Investment firm Peninsula Capital agreed to buy Italian premium packaging firm ISEM Bramucci, which makes luxury boxes and folding cartons, in a deal worth around 90 million euros ($97 million).
A&M Capital Europe acquired a majority stake in Carton Pack, an Italian and Spanish food packaging maker with about 400 employees and three production sites. Current owners will stay on in their management roles.
Vemarfin Group Srl, which already owned Azmec, acquired the Riva family company Riva Tecnoimpianti in May 2022. The deal created a metalworking hub focused on vacuum pumps and liquid ring compressors.
Daikin Industries has signed a share purchase agreement to acquire Duplomatic MS S.p.A., an Italian hydraulic equipment manufacturer, for 220 million euros from Alcedo SGR and management. Completion is scheduled for June 2022.
US-based multinational Trillium Flow Technologies has acquired Italian industrial pump maker Termomeccanica Pompe, based in La Spezia. The deal was under negotiation since the second half of 2021 and gives Trillium a base in Italy to expand globally.
Trillium Flow Technologies, a First Reserve portfolio company, has completed its acquisition of Termomeccanica Pompe, a La Spezia, Italy maker of vertical turbine and split case pumps. The deal expands Trillium's water infrastructure exposure.
Berlin Packaging acquired Panvetri, a family-owned supplier of glass and metal packaging for wine and olive oil based in Modugno near Bari, Italy. All employees and locations will be retained; the deal is its 20th acquisition in EMEA since 2016.
Finrel SpA, the Casappa family holding company, completed the acquisition of a 51% stake in Tecnord Srl, headquartered in Modena, from Delta Power Company. The deal was announced on 8 April 2022.
Turkish packaging company Perfektüp acquired 100% of the shares of Tubettificio Favia on 5 April 2022, creating an international consolidation. Perfektüp is part of the Bell Holding group.
Italian valve maker Gruppo OMB, through OMB Valves Spa, acquired Nencini Spa of Siena from Gruppo Ipi. Nencini makes large hydraulic valves for dams and hydroelectric plants, opening OMB's entry into the hydraulic valve market.
Robert Bosch agreed to sell its vacuum and hydraulic pump business, VH Group, to Weifu High-Technology Group. The unit includes VHIT S.p.A. in Italy, its Wuxi subsidiary in China and certain production facilities in Brazil. Deloitte advised Bosch.
Lu-Ve has submitted a binding, conditional proposal to buy Italia Wanbao ACC (WACC), a compressor maker in administration, to convert it to heat exchanger production. The plan involves about EUR 6 million of site investment and partial absorption of the workforce over three years.
Trillium Flow Technology Group, owned by First Reserve Capital, agreed to acquire Termomeccanica SpA's entire centrifugal pump division, including TMP Spa and five foreign subsidiaries, through its Italian subsidiary.
Trillium Flow Technologies, a global valve and pump maker, is acquiring Termomeccanica Pompe, an Italian manufacturer of industrial centrifugal pumps. Morgan Lewis advised Trillium on the deal, announced January 21, 2022.
Termomeccanica and Trillium Flow Technologies signed an agreement transferring Termomeccanica Pompe's production, sales and service activities to Gabbioneta Pumps, a Trillium group company. The value was not disclosed.
Trillium Flow Technologies signed a joint agreement to acquire Termomeccanica Pompe S.p.A., bringing its Termomeccanica Pompe, Gabbioneta Pumps and Begemann brands under Trillium in Italy; closing is expected in three to four months.
Termomeccanica and Trillium Flow Technologies signed an agreement transferring Termomeccanica Pompe's production, sales and service activities to Gabbioneta Pumps, a Trillium group company; the transfer is expected to become operative around April.
Italian pump and vacuum equipment maker Azmec acquired ownership of RIVA TECNOIMPIANTI SRL, which produces light and heavy carpentry components and hydraulic power units. The article dates the deal to 2022.
Industrial Flow Solutions agreed to acquire Dreno Pompe, an Italian maker of electrical submersible wastewater pumps based in Monselice, Padua. Dreno will keep its name and plant in the Veneto region.
Gruppo Happy completed the acquisition of 100% of Coopbox SPA and its subsidiary Coopbox Eastern SRO, operating in Italy and Slovakia, and French company Sirap France SAS. The group makes plastic food packaging containers.
Apollo's vehicle Rimini Bidco is closing the mandatory tender offer for Italian cardboard maker Reno De Medici, which follows a July 2021 deal to acquire about 67% stake for over EUR 365 million. The offer closes on Friday December 17, 2021.
Bobst completed on 11 November 2021 its acquisition of the assets of Officine Meccaniche Giovanni Cerutti, Cerutti Packaging Equipment and 24/7 Cerutti Service. The assets are being integrated into Bobst Italia in San Giorgio Monferrato, where thirty ex-Cerutti employees will join.
Continental signed an agreement to acquire Trelleborg's printing solutions business, headquartered in Lodi Vecchio, Italy, which has about 640 employees. The purchase price was not disclosed and completion is subject to antitrust approval.
Atlas Copco acquired Steri srl, a private compressed air equipment and services distributor based in Rivoli near Turin with 19 employees. The deal strengthens Atlas Copco's presence in the Piedmont and Aosta Valley industrial market. The acquisition was reported on November 9, 2021.
Smurfit Kappa has acquired Verzuolo, a 600,000-tonne recycled containerboard mill near Savona in Northern Italy, for €360 million ($416 million).
Silgan Holdings has acquired Easytech Closures, which makes easy-open metal ends at Fisciano, Italy, for EUR 31.5 million ($36.5 million). Easytech is projected to generate about EUR 38 million in 2021 sales.
Desktop Metal announced the acquisition of Aidro, an Italian hydraulic and fluid power component developer that uses additive manufacturing for oil, gas, energy and aerospace parts.
Cavagna Group, with partner Nirmal Industrial Controls, acquired REPCo Srl, a Milan-based process design house that engineers and supplies process plants and equipment for power, gas, oil and petrochemical fields. The deal was announced on 7 September 2021.
Apollo-controlled funds agreed to buy about 67% of Reno De Medici from its two largest shareholders, Cascades and Caisse de depot et placement du Quebec, at EUR 1.45 per share. The deal cost about EUR 315.3 million and was expected to close by Q3 2021, followed by a mandatory takeover bid.
Italian infrastructure fund manager F2i Sgr agreed to acquire a 70% majority stake in ReLife, a Genoa-based recycler of paper and plastic packaging, with the founders keeping 30%. ReLife has about 580 employees and 35 plants in northern and central Italy, with expected 2021 revenue of about EUR 250 million.
Italian plastic packaging maker PuntoPack acquired MAV Srl, a wide-mouth packaging company serving cosmetics and food. The combined group is expected to have over EUR 25 million turnover. No deal value was disclosed.
Pneumax Group has acquired FIP (Forniture Industriali Parmensi) srl, a Parma-based industrial automation company with over 30 years of experience, expanding its Emilia-Romagna presence and branch network.
Smurfit Kappa agreed to acquire the Verzuolo recycled containerboard mill in northern Italy from Burgo Group for €360 million, with 600,000 tonnes annual capacity; closing is expected in Q4 2021.
Funds managed by Apollo Global Management will buy about 67% of Italy's Reno De Medici from Cascades and CDPQ at EUR 1.45 per share, totaling EUR 365 million, then launch an offer to delist the cardboard maker.