Marchesini Group's two new acquisitions in Italy

Pietro Cassani, chief executive officer of Marchesini Group

The Marchesini Grouping has finalized the acquisition of two new companies to boost the grouping's strategy of rapid expansion. The get-go company is Axomatic in Settimo Milanese, Milan, a 'fabricated in Italy' excellence in the packaging machinery sector, specializing in automatic equipment for the cosmetics manufacture, as well as pharmaceuticals and nutrient. Aslope Dumek (already a part of Marchesini since 2017), Axomatic will farther contribute to consolidating the cosmetics sector of Marchesini which is essential for the group's growth strategy.

The second business to be acquired is V2engineering in Zola Predosa, Bologna, specializing in the production of carton machines. The V2engineering machines combine Italian manufacturing know-how and advanced technologies and will further enrich Marchesini's offer for the cease-of-line products, some other cardinal aspect in the cosmetics and pharmaceutical production chain.

Both companies will be taken over with majority shares without changing their production processes or reference partners. They will continue to manage their customers, projects and products self-sufficiently co-ordinate to consolidated internal dynamics while Marchesini volition be a majority shareholder and will monitor and supervise Axomatic and V2engineering'south organization and commercial activities.

The two new companies will keep their existing well-established corporate structures and go on to satisfy the requirements of cosmetic customers speedily, efficiently and flexibly.

"Nosotros are actually proud to go a part of such a behemothic enterprise as Marchesini. We take been working in this field for thirty years and we are proud suppliers of some of the biggest multinational enterprises of this industry. Condign a part of Marchesini will heave our business organisation incredibly," said Luca Olivieri, principal executive officer of Axomatic.

Carlo Veronesi, primary executive officeholder of V2engineering said, "Like to Marchesini, we started up in the Packaging Valley of Emilia-Romagna, the kickoff productive chain in Europe of packaging machines for pharmaceuticals and cosmetics. This partnership volition definitely be a not bad opportunity for both of us. Information technology will strengthen our position against High german competitors even further."

"Nosotros proceed to grow and we can't terminate here. With these ii new acquisitions we are moving in a clear management – that of strengthening our business even further in the cosmetic packaging sector, respecting the requirements and requests, which are oft very different from those of the pharmaceutical sector. To be able to practise this, nosotros are building a nine,000 square meters factory entirely dedicated to this sector," added Pietro Cassani, chief executive officer of Marchesini Group.

The project took off concluding May and work on the new beauty partition began recently when the foundations were laid for the construction of offices and production facilities.

One time up and running, this division volition act every bit a hub for the group's cosmetics galaxy, reaching a € 50 million turnover in 2019. The latest snapshot past the Cosmetica Italy association depicts a strongly expanding business, both in Italian republic and effectually the world. In 2018, the total earnings of the Italian cosmetics industry reached € 11.two billion, with exports worth more than than 42%. The districts with near of the SMEs that supply the bustling French sector (the top market of 'made in Italy' products) with creams and powders are located in Emilia-Romagna and Lombardy. According to Cosmetica figures, last yr the Italian cosmetics manufacture exported cosmetics worth € 567 million (2.9% more than the previous twelvemonth) to France. This was followed by Germany and the US, with an increment of 6.nine% and 21.iii% in cosmetics exports, respectively.

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Source: https://packagingsouthasia.com/technology/automation/marchesini-groups-two-new-acquisitions-in-italy/

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