Pusterla 1880 Group agreed to acquire Cavalieri & Amoretti and its subsidiaries, adding luxury round-box secondary packaging capacity. Founder Gianluca Cavalieri keeps a minority stake. The deal value was not disclosed.
Cefla's Engineering Business Unit is general contractor for TeaPak's new 12,000 square metre plant in Imola, Italy, for Yogi Tea Group. The estimated €25 million investment will double current output, which exceeded 40 million packs in 2018.
Belgian private equity firm Cobepa bought a majority stake in Enoplastic, which makes capsules and caps for bottles in the Varese province of Italy, from the Macchi and Moglia families. Michele Moglia and Samo Kalin will continue to manage the company.
Atlas Copco acquired 100% of Eurochiller, a Mortara, Italy industrial cooling and heat treatment systems maker with about 90 employees and roughly EUR 26 million revenue in 2018. Alantra advised the seller Bravo Invest.
Velan ABV, a Velan subsidiary in Lucca, Italy, received a contract extension from MODEC to supply riser and topside actuated valves and compact manual ball valves for the FPSO MV31 Guanabara, deployed at the Mero field operated by Petrobras. Deliveries are due mid to late 2019; the article gives a combined value of US$63 million for two contracts.
Dutch TSS, part of Canadian Constellation Software, has bought RTS Remote Terminal System, a software house in Forlì, Italy, that serves the corrugated cardboard sector. The deal was made official a few weeks before CCE International in March 2019.
Italian machinery group CFT acquired the entire share capital of Siapi S.r.l., a maker of two-stage stretch blow-molding machines, for EUR 3 million plus a possible earn-out of up to EUR 2.4 million. Siapi recorded revenues of about EUR 11 million in 2018.
GRUBER Logistics agreed a 4PL logistics contract with Italian PET preform maker Garda Plast, covering raw material receipt, line supply and delivery to customers. The announcement was published on 8 May 2019.
Comisa S.p.A. has inaugurated a new 5,300 square metre production facility in Pisogne, Brescia, housing a semi-automatic warehouse and robotic assembly islands for press fittings and ball valves.
Italian transport firm Gruber Logistics took over the transport and logistics activities of Garda Plast, a PET preform and bottle producer, under a Fourth Party Logistics (4PL) contract. The article is dated 25 April 2019.
SAMOA Industrial, headquartered in Gijón, Spain, acquired Italian manufacturer Larius Srl, which makes transfer pumps, paint spray equipment and extrusion systems. The deal was announced on 12 April 2019.
Italian pump maker Calpeda launched a new Innovation Centre at its headquarters in Montorso Vicentino to focus on product development, and released its first e-idos pumps with on-board control and monitoring. The move marks the company's 60th anniversary.
The Mainetti Group announced its acquisition of Reca Group, a global apparel labelling and packaging company founded in 1960 in Carpi, Italy. Reca will continue under General Manager Paolo Diacci.
Pietro Fiorentini completed the acquisition of a majority stake in TIV Valves Srl, a ball valve maker based in Rescaldina, Milan, on 5 April 2019; the company reports the first year after the deal as successful.
Dover Corporation sold the entire share capital of Finder Pompe S.r.l., a pump maker based in Merate, Italy, to Gruppo Aturia S.p.A. Equity Factory advised Dover. The transaction totals $24 million.
Italian gear reducer maker Rossi S.p.A. has invested EUR 30 million in manufacturing technology and is extending its Ganaceto plant in Modena by up to 27,000 square meters for a new gearmotor assembly line.
SIT, through subsidiary MeterSit, was awarded a smart gas meter contract by Italgas worth over EUR 14 million with a further EUR 5 million option, totaling EUR 19 million. The order is part of Italgas's 2019 meter roll-out.
Spanish search fund Ariol Capital acquired 100% of Italian plastic and metal packaging distributor Pentapackaging in summer 2018, a deal now disclosed. It is financed with own resources and bank debt, and is part of its portfolio company Repli's growth plan.
Ardian signed a binding agreement to acquire 100% of Celli S.p.A., an Italian beverage solutions company based in Rimini with 2018 turnover of €110 million, from Consilium and the Celli family. Senior management will reinvest.
Total Specific Solutions (TSS) has acquired Italian software vendor Remote Terminal System Srl (RTS), which provides ERP software for corrugated packaging manufacturers. The announcement is dated 4 February 2019.
Caviro inaugurated two new packaging lines at its Forlì plant, one for glass bottles and one for Tetra Pak cartons, for about 6.4 million euros. The lines add about 50 million bottles and over 24 million cartons of annual capacity.
TriMas, a US engineering products manufacturer, has acquired Plastic Srl of Italy, which makes single-bodied and assembled caps and closures; the deal is expected to yield more than €10 million (about $12 million) in annual revenue and Plastic Srl will be integrated into TriMas's Rieke business.
Rivoira and its partners purchased a 50% stake in Zeropack, a newly established Italian packaging firm set up by bioplastics company Bio-on, which will offer bioplastic packaging for fruit and vegetables.
Progressio Fund III finalized the acquisition of a majority stake in Gampack, a Podenzano (Piacenza) maker of secondary packaging machinery for the beverage sector, on January 31, 2019. Founders retain a significant minority stake.
Xenon acquired 100% of Mectra and Emmeti in Montecchio Emilia and Sipac and Logik in Fontevivo, creating Ems Group, a packaging line maker with EUR 130 million turnover and 290 employees. The deal was reported on 2018-12-13.
NB Renaissance Partners signed a binding agreement to acquire control of Hydro Holding, a European hydraulic fittings producer, taking an 80% stake while founding families keep the rest. The seller is Mandarin Capital Partners.
Xenon Private Equity, via its Xenon Private Equity VI fund, bought 100% of Emmeti, Mectra, Sipac and Logik, creating EMS Group, a maker of palletizing, depalletizing and conveyor lines based in Italy. The deal was reported on 28 November 2018 and no value was disclosed.
US engineering products maker TriMas agreed to acquire Plastic Srl, an Italian manufacturer of caps and closures, for an undisclosed sum. Plastic Srl will become a wholly owned division of TriMas' Rieke business on completion in the first half of 2019.
Sidel Group completed its acquisition of PET Engineering, a San Vendemiano, Italy packaging firm with 40 employees that makes plastic containers for water, soft drinks, dairy and beer.
Chart Industries signed a definitive agreement to acquire VRV s.p.a. and its subsidiaries, makers of cryogenic and energy and petrochemical pressure equipment, for €125 million plus assumed debt of about €70 million.
Fava Artemio was commissioned by Serioplast to design and build a new bulk conveying system and Venturi pneumatic conveyor for PET and HDPE bottles at the L'Oréal plant in Settimo Torinese, Italy.
Oxy Capital agreed to take an 80% stake and operational control of Italian flexible plastic packaging maker Gruppo Manuli Stretch, with Credito Fondiario providing a 12 million euro super-senior loan. The group will be renamed Gruppo M Stretch.
Burgo Group has ordered a Valmet rebuild of paper machine PM 9 and a new OCC line at its Verzuolo mill in Italy, to be completed by end-2019. The deal is valued at EUR 40-60 million and will allow recycled containerboard output of 600,000 tonnes a year.
CFT Group acquired a majority shareholding in CO.MAC S.R.L., which designs and makes beverage filling and packaging machines, especially for beer kegs. The deal extends CFT's beverage portfolio.
Melitta has acquired Cuki Group, the parent of Italian food storage and refuse bag market leader Cuki Cofresco, based in Volpiano near Turin. Cuki Group had 2017 revenue of about EUR 200 million; terms of the deal were not disclosed.
Nidec Corporation acquired 100% of CIMA S.p.A., a Vicenza-based maker of commercial motors for ventilation and fans, on July 2, 2018. The deal strengthens Nidec's European commercial motor business.
OMRON Healthcare Europe announced the acquisition of privately held 3A Health Care s.r.l., an Italian maker of aerosol therapy devices and surgical aspirators, under an agreement signed June 29, 2018. No deal value was disclosed.
21 Invest acquired a majority stake in Carton Pack, a fruit and vegetable packaging company based in Puglia, Italy, together with the founding Leone brothers. The deal was completed in July 2018.
Danfoss A.S. is planning to acquire Italy's Alfagomma Group to expand its fluid conveyance market share in Europe. The article's headline names a different company pair, so the details are uncertain.
Private equity funds managed by L Catterton and Ambienta sgr will take control of Pibiplast, a cosmetics and personal care plastic packaging maker based in Correggio, Italy. The Bosi family will retain a minority stake. The deal value was not disclosed.
Bain Capital Private Equity finalised its acquisition of Italy's Fedrigoni group, valued at slightly above 600 million euros, after EU clearance in February 2018; a Fedrigoni family member keeps a 10% stake.
Ebara Pumps Europe moved pump production from Brendola to a larger new facility in Gambellara, near Vicenza, Italy. The article reports the facility as inaugurated.
Sanpellegrino installed two Sidel Matrix Combi blow/fill/cap systems for PET bottles at its Ruspino plant in Italy to increase production capacity.
Protek Pharma Worldwide has officially opened a new 2,300 square meter production facility in Verona, Italy, for insulated temperature-protection shipping products. A fully automated extruder with capacity of over 20 million square meters annually was commissioned in January.
Regal Beloit agreed to acquire Italy's Nicotra Gebhardt S.p.A., a fan and blower manufacturer with about $150 million in annual revenue, for approximately 125 million euros or $154 million, with closing expected by the end of Q2 2018.
B. Braun Avitum Italy is adding a new production line for catheters and special drug containers, plus a usability lab, at its Mirandola plant, supported by Emilia-Romagna regional financing. The filling machine is being supplied by IMA of Ozzano dell'Emilia.
Sun Hydraulics agreed to acquire Faster Group, a Milan-based maker of quick-release hydraulic couplings, from Capvis Equity IV and co-investors for €430 million (about $531 million) in cash. The deal is expected to close in the second quarter of 2018.
Progroup started production at its new corrugated sheetboard plant in Drizzona, Italy in February 2018. The company's 2017 sales rose 9.69% to about 804 million euros.
The Tuscany regional government and Italy's Ministry of Economic Development signed a EUR 65 million addendum funding Baker Hughes' Galileo R&D program, including a new axial compressor platform for NovaLT gas turbines and digital solutions, carried out through Nuovo Pignone in Tuscany. The signing took place on January 29, 2018 in Florence.
Investindustrial agreed to acquire a 97% stake in CEME Group S.p.A., a manufacturer of pumps, valves and flow meters based near Milan, from Investcorp, with management keeping 3%. Closing is expected in the coming months subject to antitrust approvals.