Green Sustainable Packaging Completes its Third Acquisition in Sustainable Packaging

Green Sustainable Packaging (GSP), controlled by Alcedo SGR through the Alcedo V Fund, has acquired 100% of Cartotecnica Rigon Srl (“Rigon”), a company active in the production and marketing of packaging solutions for the food sector, mechanical, cosmetic and pharmaceutical.

GSP has taken over the participation from the Rigon family and some key partners ( Fiorenzo Rigon, Piera Battocchio Rigon and Manuel Rigon ) have decided to reinvest in the project, acquiring a minority share of Green Sustainable Packaging, and will continue to maintain their operational roles with focus, respectively, on the general management, commercial and operations areas.

Rigon is the third acquisition in less than two years by Alcedo in the sector, through Green Sustainable Packaging, with the aim of creating a hub of excellent and complementary companies in the field of advanced packaging solutions.

Read more about Green Sustainable Packaging and find the most important business news of the day with the Born2Invest mobile app.

Green Sustainable Packaging acquisitions

In April 2022, the acquisition of Scatolificio Gondola-Triveneto Srl (“Gondola”) was completed, based in Cazzago di Pianiga (Venice), a company that operates with three divisions (thermoforming, paper converting and paper-cups), whose main strength lies in flexibility and customer service, with a proven ability to process small and medium batches quickly, guaranteeing high quality and reliability of the services offered;

In November 2023, Firma Group Srl (“Firma”) was acquired, with headquarters in Cazzago di Pianiga (Venice), a company active in digital paper converting, also through a to-print website (www.stampaindigitale.it), with a particular focus on display solutions (floor displays, counter displays, advertising totems, window signs).

Rigon, based in Carrè (Vicenza), is a company with over 60 years of history and well recognized in the sector, specialized in the production of cases and boxes in stretched and laminated cardboard, with a cutting-edge machine park and a modern factory and perfectly organized, capable of processing large batches.

With a view to strengthening the group, Marco Scantamburlo, a manager with long and proven experience in the sector, who will be responsible for the strategic development and integration of the companies, has also been appointed as CEO of the GSP group.

Green Sustainable Packaging has a fleet of latest generation machinery

The GSP group, with this latest acquisition, reaches a pro-forma turnover of approximately 30 million euros, a production footprint of over 20,000 m2, with a fleet of latest generation machinery and a highly complementary portfolio of products and packaging solutions, which they range from general packaging in stretched and laminated cardboard to the world of paper-cups (paper cups and glasses), passing from thermoforming of plastic materials up to the world of communication, from brochures to simple and complex display solutions in cardboard and multi-material.

The offset and digital printing technologies integrated into the plants make it possible to satisfy every need in terms of production batches, strengthening the concept of quality, flexibility and reactivity, which has always been a cornerstone for individual companies and now developed in an aggregate context.

All the companies of the group, which have always been attentive to environmental issues, have constantly paid great attention to sustainability, implementing the complete recovery of industrial processing waste, using recyclable materials and developing sustainable processes and products, as demonstrated by the recent important investments in production lines. production of paper cups.

The circularity of the production lines, together with the use of environmentally friendly materials, constitute an important starting point for Alcedo’s commitment to the development and consolidation of the business from an ESG perspective. In fact, Alcedo intends to support Green Sustainable Packaging in building a solid ESG framework and in the process that helps it achieve best practice in environmental sustainability issues.

“We strongly believe in the growth prospects of Rigon and Green Sustainable Packaging: it is an important step in strengthening the group’s market position in Italy, which allows us to diversify the product and customer portfolio and expand the technological solutions, maintaining great attention to the issues of sustainability. The sector is rather fragmented and further targeted acquisitions are already being analysed,” said Filippo Nalon ,Partner of Alcedo.

Fiorenzo Rigon , CEO of Rigon, said: “ We have identified Alcedo and GSP as the ideal partners to continue and accelerate the development of the company, with the aim of seizing new expansion opportunities. We will work alongside them to strengthen our presence in the reference market and to enter new markets, including foreign ones, with a truly complete portfolio of solutions and technologies.”

For Alcedo the operation was conducted by Partners Maurizio Tiveron and Filippo Nalon and by Investment Analyst Giovanni Lorenzetto . Alcedo was assisted for the legal and corporate aspects by the lawyers Ilaria A. Belluco and Luca Fabbrini, with a team composed of the lawyers Riccardo Marini and Fabiano Belluzzi;

For banking by lawyers Francesco Dialti, Vincenzo Cimmino and Claudio Mastrobattista and for labor law aspects by lawyer Gianvito Riccio, while the tax and structuring aspects of the operation were handled by Michele Citarella and Luca Vitale , all from the CBA firm. Adacta carried out the financial and fiscal Due Diligence. Tauw, with Milena Brambilla and Jacopo Gerbi, handled the Due Diligence on ESG issues. Circle Brain, with Federico Fiamengo , finally supported Alcedo for the strategic aspects.

For Rigon, the operation was followed by the advisors Paolo Farinon and Ermanno Catena, who followed all the financial and tax aspects, and by the Studio Lambertini & Associati firm with the lawyers Debora Cremasco and Gioia Carrabetta for the legal aspects.

The operation was financed by Cassa Centrale Banca SpA; the financing bank was assisted by the lawyers Pasquale Bifulco and Marta Mastroeni , of the Shearman & Sterling law firm.

__

(Featured image by neelam279 via Pixabay)

DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.

This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.

First published in NT Diritto. A third-party contributor translated and adapted the articles from the originals. In case of discrepancy, the originals will prevail.

Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us