August 2nd, 2021, with the support of Baldi Finance S.p.A., which acted as financial and negotiating advisor, and Baldi and Partners – Avvocati e Commercialisti as contractual and legal advisor, providing also due diligence activities, PUNTO PACK executed the share purchase agreement, acquiring the majority stake of the share capital of MAV S.r.l., signing also an option agreement to reach a total shareholding by 2024.
TERASTONE S.r.l. also participated in the transaction alongside PUNTO PACK, acquiring a 12.5% stake in MAV.
Entrepreneur William Tozzi will retain a 33.33% stake in MAV’s share capital.
PUNTO PACK S.r.l., based in Parma, offers modern solutions and a complete service for primary packaging to companies operating in the pharmaceutical, cosmetic, dietetic, food and industrial sectors.
Punto Pack, led by Roberto Nisica and Luca Marchetti, is the first Italian company producing primary plastic packaging to obtain the “B-Corp” certification, which is awarded only to companies that manage business as a positive force and comply with the highest standards of social and environmental performance, transparency and responsibility.
TERASTONE S.r.l., based in Parma, is a holding company owned by entrepreneurs Francesco Palladini and Roberto Nisica.
The Target Company
MAV S.r.l. is one of the most interesting companies in the field of “wide mouth” packaging.
Active since 1965 and now in its third generation, it designs and manufactures plastic packaging for the cosmetics, food and parapharmaceutical sectors, with headquarters and factory in Zola Predosa (Bologna).
Purpose of the operation
The purpose of this operation is to strengthen the industrial division and give continuity to PUNTO PACK and MAV, which have been successfully operating for many years in the production and marketing of primary packaging (bottles, jars, closures and accessories, etc.). In addition to industrial and commercial synergies, the sustainability-related activities developed to date by the two companies will be shared and enhanced.
Group financial data
In 2020, the Group achieved an aggregate turnover of EUR 26 million with an EBITDA of EUR 5.5 million (21%). Aggregate shareholders’ equity is EUR 10 million and NFP is approximately EUR 7 million.
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“The MAV operation”, says Roberto Nisica – President of Punto Pack, “was born first and foremost out of a partnership with its owner William Tozzi, with whom we have shared technical, operational and commercial experience for years. Becoming effective partners will allow us to put in place a range of synergies that are the leitmotif of our growth, such as integration and production optimisation, together with range complementarity and logistics rationalisation. ”
“I have always felt comfortable working with Roberto Nisica,” says William Tozzi – President of MAV. “Being able to collaborate more closely and give my contribution to the growth of this group fulfils what I had wanted for this company that represents my professional life. Punto Pack’s production, organisational and innovation skills, combined with MAV’s specific know-how in the cosmetics sector, will be a combination that will give us great satisfaction in the future. ”