Lumson has announced it has acquired Marino Belotti, a leading Italian company that produces premium makeup packaging solutions.
Marino Belotti is known for its expertise in packaging powders -- and is well-known for its creativity and technical abilities.
This is Lumson's first acquisition since FSI in August 2018, a partner that has a 35% stake and supports its growth. The closing is expected by the end of September.
The acquisition is part of Lumson's growth strategy -- to rapidly increase its market share in Italy and abroad, jointly strengthening its leadership and geographical presence.
Marino Belotti's shareholders, Maria Teresa Belotti and Alfredo Gavazzeni, are exiting the company, but will reinvest part of their proceeds in Lumson's industrial plan. They will maintain their positions on the Board of Directors.
Matteo Moretti, president of Lumson, comments, “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, will keep managing the company after the transaction. She says, “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.”
Lumson has been assisted by Vitale & Co as financial advisor and by Gattai Minoli Agostinelli & Partners as legal advisor. The Belotti family has been assisted by Corus Corporate Finance as financial advisor and by Bellora & Associati as legal advisor.