Piedmontese company Guala Closures makes double sale

Special Packaging Solutions Investments, owned by private equity fund Investindustrial, has launched a voluntary partial tender offer at €6 per ordinary share to acquire up to 20% of the voting shares of Guala Closures, a world-leading Piedmontese aluminium beverage closures manufacturer listed on the Milan Stock Exchange.

The maximum total expenditure amounts to €90.996 million, which the bidder will finance entirely by equity. “Today’s deal is aimed at making a financial investment in a solid company with high growth potential and led by an excellent well-equipped management team,” explained Andrea C. Bonomi, Managing Principal of Investindustrial’s Industrial Advisory Board.

Investindustrial is already familiar with the sector in which Guala Closures operates as it has made previous investments both in packaging with Saffa and in the wine supply chain with AEB and Chianti Ruffino, while the Bonomi family has also invested in Sella&Mosca.

At almost the same time, Guala Closures finalised the sale of 100% of GCL Pharma to the Bormioli Pharma group for a consideration of €9.3 million.

The operation will enable the Piedmontese company to focus more closely on its core business of closures with higher added value and greater growth prospects, including safety closures with microchips for communication and bottle tracing.

Image credits: Guala Closures