Gambini Collects €2 MIllion Green Loan from Intesa Sanpaolo

Gambini spa, a company specializing in the paper industry, has obtained a €2-million loan from Intesa Sanpaolo, 80% assisted by SACE’s Green Guarantee, and earmarked for the construction or reuse of plants for converting paper for hygienic use.

Gambini is a family-owned company controlled by Giuliano Gambini (66.7 percent) and owned by Loredana Iotti (33.3 percent). Present in the market for more than four decades, it specializes in the production of high-tech converting machines for the paper industry (toilet paper, kitchen rolls, and products for industrial and sanitary use).

With about 160 employees, the group operates out of three plants in the territory of Altopascio and Montecarlo di Lucca, to which is added an office in the U.S., in Wisconsin. Its offering is calibrated to serve two of the main business areas of paper mills: the consumer and professional divisions, producing complete lines for tissue paper converting. The group is also active in the production and marketing of replacement parts.

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In 2021, Gambini’s turnover was €74 million, EBITDA was €1.4 million and net debt was €37.4 million

Giovanni Gambini, Gambini’s chairman, commented, “We were born by integrating machinery of our own production – embossers, in particular – within existing paper converting lines. This is a very useful experience to meet the current flexibility requirements of the market, which often asks us to move machines from one plant to another, reusing mechanical and electrical parts and thus allowing the life of the lines to be extended, in an increasingly pressing sustainability perspective.”

Tito Nocentini, regional director of Tuscany and Umbria Intesa Sanpaolo, added, “Gambini is an excellence of our territory that we wanted to reward already in 2019 through the Winning Businesses program and the subsequent training course in collaboration with Elite. In fact, our bank has always valued and supported SMEs that look to the future by investing in the transformation of their businesses with a view to environmental sustainability, social impact, technological innovation, and attention to people.”

The loan provided by Intesa Sanpaolo in favor of Gambini is part of the S-Loan typology, a unique line of financing in the Italian banking scene that rewards, with a rate reduction upon the achievement of ESG targets, companies committed to environmental transition and goals related to the National Recovery and Resilience Plan (NRP). In addition to S-Loan loans, the bank has allocated a 6 billion euro ceiling dedicated to the circular economy for them.

Among the latest loans provided by the Piedmont-based bank, and covered by the SACE guarantee, are the €5 million one a few weeks ago in favor of Mare Group, a company focused on innovation through new enabling technologies for industry. The €7.5 million ten-year assisted one in favor of Italian Cable Company, a company specialized in the production of electric cables with copper conductors and special connections, for the development of new projects for the company’s sustainable growth.

The €11 million one to Puglia-based pasta maker Andriani, controlled by NUO, for the company’s sustainable growth; the €4 million one to Servizi Ambientali Veneto Nord Orientale (SAVNO), a Treviso-based company that offers waste collection and disposal services, for new sustainable growth projects related to the group’s 2022-2025 investments; and, finally, the €5 million four-year one for Residence Viserba srl, a company of the Renco spa Group and owner of the land located in Viserba di Rimini, for the construction of the first buildings of the new green urban space called precisely La Corderia.

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(Featured image by Hans via Pixabay)

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