Bormioli Luigi and Triton partnered to acquire the Bormioli Rocco tableware and pharma businesses respectively
Milan / Fidenza (Italy), 17 July 2017 – Bormioli Luigi S.p.A. has partnered with Funds advised by Triton (“Triton”) to purchase the Pharma and Tableware business divisions of the Bormioli Rocco group. Both business divisions will be owned and run independently of each other, as Bormioli Luigi will acquire the Tableware division and Triton will acquire the Pharma division.
Bormioli Rocco is a leading Italian tableware and pharma primary packaging manufacturer currently owned by Vision Capital. The transactions are subject to regulatory approval in the relevant jurisdictions. Any necessary employee information and/or consultation procedures will occur in France and Italy at the appropriate time.
“With the historical acquisition of Bormioli Rocco Tableware, Bormioli Luigi will expand the perimeters of its organizational and material resources in order to develop original and virtuous ways of doing business in glass, to the advantage of client's interests leveraging on both Companies’ knowledge, culture and capabilities”, said Alberto Bormioli the President of Bormioli Luigi, the majority shareholders and founder’s son.
“We look forward to supporting Bormioli Pharma’s management and employees as new owner by investing in and supporting the growth and development of the business. Our strong industry expertise, gained through other investments in this business area and strengthened by senior industry experts, will contribute in taking Bormioli Pharma to the next level. We look forward to working together with the management team and the Board of Directors in building a stronger company”, said Peder Prahl, Director of the General Partner for the Triton funds.
“Bormioli Rocco, as one of the European market leaders active in the tableware and pharmaceutical packaging businesses, has been building its current presence over the last decades. These transactions are an important milestone since, on top of allowing us to pay off all financial debt, they are enabling us to continue with our strategic efforts with a more focused approach on the two respective single divisions. We welcome the new majority owners respectively, as investors who will support us in executing our plans and continuing to be the leaders in each of our industries”, said Riccardo Garrè, Executive Chairman of Bormioli Rocco.
About Bormioli Rocco
Established in 1825, the Bormioli Rocco is leading Italian pharma primary packaging and glass tableware manufacturer. Organized in two Business Units: Home and Pharma, Bormioli Rocco has eight manufacturing plants, two decoration ateliers, several subsidiaries and seven mono-brand stores featuring tableware products. The Group exports its products to more than 100 countries worldwide and represents one of the most important industrial realities on the international scenario. Bormioli Rocco employees over 2,000 people and has an annual turnover of € 440 million.
About Bormioli Luigi
Bormioli Luigi is a specialized glass company with a world-class image of excellence in the manufacturing of high quality containers for perfume and spirits bottles, as well as tableware in superior crystal glass.
Following the timeless tradition, Alberto Bormioli in collaboration with the CEO, Vincenzo Di Giuseppantonio, and a dedicated, professional and enthusiastic team, will continue to uphold the ever topical and fascinating challenge inspired by the art of glass-making.
For further information: http://www.bormioliluigi.com
The Triton funds invest in and support the positive development of medium-sized businesses headquartered in Europe, focusing on businesses in the Industrial, Business Services and Consumer/Health sectors.
Triton seeks to contribute to the building of better businesses for the longer term. Triton and its executives wish to be agents of positive change towards sustainable operational improvements and growth. The 30 companies currently in Triton's portfolio have combined sales of around €14 billion and around 86,000 employees.
The Triton funds are advised by dedicated teams of professionals based in Germany, Sweden, Norway, Finland, Denmark, Italy, the United Kingdom, the United States, China, Luxembourg and Jersey.
For further information: www.triton-partners.com