Lumson acquires make-up packaging rival Marino Belotti
The acquisition is the first for Lumson since equity firm FSI acquired 35% of the company last year
Lumson has acquired premium make-up packaging company Marino Belotti.
The deal is the first for Lumson since equity firm Fondo Strategico Italiano (FSI) acquired 35% of the company in 2018, leaving the Moretti family with the remaining 65%.
Marino Belotti, which generates approximately €15m in annual revenues, will continue to be driven by exiting shareholders Maria Teresa Belotti and Alfredo Gavazzeni, who will both remain on the board.
Matteo Moretti, President of Lumson, said: “Marino Belotti is an historical company of our sector.
“With Maria Teresa and Alfredo we share the passion of our job and the orientation towards quality and innovation.
“I’m sure that this combination will enable Lumson to strengthen its positioning both in the European and American markets, where we are currently seeing the results of the hard work done over the past years.”
The acquisition is said to be part of Lumson’s wider growth plans, which include rapidly increasing Italian and international market share, and strengthening leadership.
CEO Maria Teresa Belotti added: “Lumson represents the ideal industrial partner for Marino Belotti in order to continue its growth. We are enthusiastic about the project and happy to be part of it.”
