LUMSON acquires Marino Belotti
The presence in the make up sector is strenghten
LUMSON announces the signing of an agreement for the acquisition of
Marino Belotti Srl (Belotti), a leading Italian company with ca. € 15 M
revenues active in the production of premium "make up" packaging
solutions - especially in the "powder" sector, very well known for its
creativity and technical abilities.
This is LUMSON’s first
acquisition since FSI has entered into its share capital in August 2018.
The acquisition is part of a wider growth strategy shared by the
Moretti family and FSI, that will allow the Group to rapidly increase
its market share in Italy and abroad, jointly strengthening leadership
and geographical presence.
Maria Teresa Belotti and Alfredo Gavazzeni
(exiting shareholders of Marino Belotti) will maintain their positions
in the Board of Directors of Marino Belotti Srl as well as the
operational responsibility for the "compact" division of LUMSON Group.
The
Group's growth keeps continuing after the acquisition of Leoplast Srl,
the leading Italian player in the production of lipsticks packaging, by
further expanding its know-how and make up product portfolio with
Belotti, historical well-recognized company for creativity, quality and
flexibility, with a strong growth potential.
Matteo Moretti,
President of Lumson, declared: “Marino Belotti is an historical company
of our sector. With Maria Teresa and Alfredo we share the passion of our
job and the orientation towards quality and innovation. I’m sure that
this combination will enable LUMSON to strengthen its positioning both
in the European and American markets, where we are currently seeing the
results of the hard work done over the past years.”
Maria Teresa Belotti - CEO of Marino Belotti, that will keep managing the company after the transaction, commented: “Lumson represents the ideal industrial partner for Marino Belotti in order to continue its growth. We are enthusiastic about the project and happy to be part of it.”