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 Covid-19 pandemic led to the country-wide lockdown on 25 March 2020. It will be two years tomorrow as I write this. What have we learned in this time? Maybe the meaning of resilience since small companies like us have had to rely on our resources and the forbearance of our employees as we have struggled to produce our trade platforms.

The print and packaging industries have been fortunate, although the commercial printing industry is still to recover. We have learned more about the digital transformation that affects commercial printing and packaging. Ultimately digital will help print grow in a country where we are still far behind in our paper and print consumption and where digital is a leapfrog technology that will only increase the demand for print in the foreseeable future.

Web analytics show that we now have readership in North America and Europe amongst the 90 countries where our five platforms reach. Our traffic which more than doubled in 2020, has at times gone up by another 50% in 2021. And advertising which had fallen to pieces in 2020 and 2021, has started its return since January 2022.

As the economy approaches real growth with unevenness and shortages a given, we are looking forward to the PrintPack India exhibition in Greater Noida. We are again appointed to produce the Show Daily on all five days of the show from 26 to 30 May 2022.

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