HMC Premedical SPA has acquired 100% of Dimar SPA, a maker of non-invasive respiratory ventilation medical devices, in Mirandola, Italy. Dimar's founder Maurizio Borsari becomes a direct shareholder of HMC Premedical.
Burgo has sold its Duino (Trieste) paper plant to the British group Mondi, with production of coated wood-containing paper continuing through 2023 and Burgo handling sales. The transfer was made official on 15 January 2023.
After buying the Duino mill, Mondi plans to invest around €200 million to convert a paper machine into a containerboard machine. The converted mill is expected to produce about 420,000 tonnes of recycled containerboard a year.
Prinzhorn Group made a strategic investment in Scatolificio La Veggia, an Italian packaging company, marking its entry into the Italian market. The article is an advisory firm's page, and the deal value and closing terms are not stated.
Finav, the holding company of Italian steel processing conglomerate GIVA Group, has completed the acquisition of 100% of the shares of Pibiviesse, a valves and actuation business. GIVA expects synergies with its network of industrial plants.
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.
Vetropack is investing over CHF 400 million in a new high-tech glass plant in Boffalora sopra Ticino near Milan, replacing its Trezzano sul Naviglio site. Production is expected to start in the second quarter of 2023 with about 70 per cent more capacity.
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.
IMI Critical Engineering officially opened a new 16,000 m2 factory in Sardinia on 18 October 2022 to manufacture valves and hydraulic actuating systems for petrochemical applications along with IMI VIVO electrolysers; the 45,000 m2 site employs over 200 people.
Poste Italiane awarded lot 2 of a framework agreement for cardboard pallets to REDBOX SRL for EUR 3,520,000. The stipula date was 22 September 2022.
Poste Italiane awarded lot 1 of a framework agreement for 1,100,000 cardboard pallets to Ondapack Sud Spa for EUR 5,148,000. The stipula date was 7 October 2022.
Midea Group began construction of a heat pump production and R&D base at Clivet's site in Feltre, Veneto, with a €60 million investment. The base is expected to start operating in the second quarter of 2024.
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.
German containerboard maker Progroup plans a new corrugated sheetfeeder plant in Cessalto, Italy, next to packaging maker Ondulkart, with an investment of more than 90 million euros and around 65 new jobs. Construction is planned to start in spring 2023 with production by the end of 2024.
DS Smith has started production at its new 34,000 sqm packaging plant in Castelfranco Emilia (Modena), Italy, with a corrugator and three converting machines running. The plant will eventually have 10 production lines and over 200 million sqm of annual capacity.
Florentine machinery maker PARA is building a new factory in Pistoia, Tuscany, to double its production area. The total investment is €9 million, with workshops due by mid-2023 and offices within 2024.
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 plans to convert the Duino paper machine PM 3 to produce about 420,000 tonnes per year of recycled corrugated case material. An estimated EUR 200 million will be invested in the project.
Mondi plans to convert the paper machine at its planned Duino mill to produce about 420,000 tonnes per year of recycled containerboard, at an estimated investment of around €200 million. The plan supports its Corrugated Solutions plants in Central Europe and Turkey.
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.
Crown Holdings will build a second high-speed aluminum beverage can line at its Parma, Italy facility, adding over one billion cans annually and 80 jobs. Commercial production is expected in Q1 2023.
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.
Ahlstrom-Munksjö completed its investment and started production on a new glass microfiber media line at its Turin plant, adding capacity for filtration and energy storage materials. The investment was first announced in January 2020.
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.
Smurfit Kappa Italia developed a 100% corrugated cardboard display solution with Unilever for personal care and health brands, offering reusable, standardized display components and simpler logistics. The article is dated March 8, 2022.
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.