Guala Closures acquires Labrenta for luxury closures

Consolidation for high-end closures for spirits, wine, oil

Guala Closures signs exclusive agreement
Guala Closures signs exclusive agreement

On 8 July 2022, Guala Closures, a leading global producer of caps and closures for spirits, wines, beverages, and oil bottles, announced in a press release datelined Milan that it has reached an agreement to acquire Labrenta which it says will strengthen its presence in the luxury segment. Guala Closures was earlier listed on the Italian stock exchange and is now owned by a single investor Specialty Packaging Solutions Investments headquartered in Luxembourg. The company has 30 plants on five continents and says its products are marketed in more than 100 countries.

The strategic acquisition of Vicenza-based Labrenta which is specialized in high-end tailor-made closures for spirits, wine, oil, vinegar, and beer, strengthens Guala Closures in becoming a world leader in the luxury segment. Labrenta’s current shareholders, Gianni and Amerigo Tagliapietra, its CEO and VP Business Development, respectively, will reinvest in Guala Closures and will take on important managerial roles with regard to the group’s luxury closures segment.

Labrenta, initially founded as a producer of natural cork for the Italian wine market, has grown over the years to establish itself as an international highly innovative firm and obtained 30 patents. In 2022 Labrenta is expected to achieve more than Euro 30 million in revenues across its 800 customers in 70 countries and has plants in Italy, Brazil, and Mexico as well as a commercial branch in the United States.

In 2022, the company acquired Anacorks, a Portuguese firm that specialized in the production of luxury cork closures. Thanks to its focus on R&D activities, as well as its attention to sustainability, Labrenta has launched product lines composed of natural and synthetic materials blends, therefore creating innovative and beautifully designed closures.

Innovation and growing attention to sustainability are also among the pillars of Guala Closures’ business. The Group currently employs more than 4,850 people with approximately Euro 710 million LTM sales as of 31 March 2022. Gabriele Del Torchio, President, and CEO of Guala Closures commented, “Labrenta is an excellent and innovative company, with a strong local presence, important know-how, a well-organized team, and management with a long-term strategic vision. The acquisition of Labrenta represents an important opportunity for our Group. The deal will contribute to the achievement of the goals set in our strategic plan as well as to further strengthen our already significant presence in the luxury segment. The entrepreneurial experiences of Gianni and Amerigo Tagliapietra will be crucial to support us throughout this new development path. The plant in Breganze will become an important center for research, development, and production of luxury closures.”

Gabriele Del Torchio
Gabriele Del Torchio, President and CEO of Guala Closures

Gianni Tagliapietra, CEO of Labrenta, stated, “Amerigo and I consider Labrenta and its team like a big family, which has grown with us year after year amid challenges and achievements. We wish that it will continue growing strong and succeed in achieving all its goals. Passion for design and technology, production quality, sustainability, and a strong team are among Labrenta’s core values. In the past years, we have realized how important it is for entrepreneurs to be able to respond promptly and effectively to a fast-changing environment. We have found in Guala Closures a group of like-minded people that share our same values, as well as a global leader in the sector that will allow Labrenta to keep pursuing high growth in a well-structured manner.”

The impact, resilience, and growth of responsible packaging in a wide region are daily chronicled by Packaging South Asia.

A multi-channel B2B publication and digital platform such as Packaging South Asia is always aware of the prospect of new beginnings and renewal. Its 16-year-old print monthly, based in New Delhi, India has demonstrated its commitment to progress and growth. The Indian and Asian packaging industries have shown resilience in the face of ongoing challenges over the past three years.

As we present our publishing plan for 2023, India’s real GDP growth for the financial year ending 31 March 2023 will reach 6.3%. Packaging industry growth has exceeded GDP growth even when allowing for inflation in the past three years.

The capacity for flexible film manufacturing in India increased by 33% over the past three years. With orders in place, we expect another 33% capacity addition from 2023 to 2025. Capacities in monocartons, corrugation, aseptic liquid packaging, and labels have grown similarly. The numbers are positive for most of the economies in the region – our platform increasingly reaches and influences these.

Even given the disruptions of supply chains, raw material prices, and the challenge of responsible and sustainable packaging, packaging in all its creative forms and purposes has significant headroom to grow in India and Asia. Our context and coverage engulf the entire packaging supply chain – from concept to shelf and further – to waste collection and recycling. We target brand owners, product managers, raw material suppliers, packaging designers and converters, and recyclers.

In an admittedly fragmented and textured terrain, this is the right time to plan your participation and marketing support communication – in our impactful and highly targeted business platform. Tell us what you need. Speak and write to our editorial and advertising teams! For advertisement , for editorial and for subscriptions

– Naresh Khanna

Subscribe Now
unnamed 1


Subscribe to our Newsletter


Please enter your comment!
Please enter your name here