Etipack S.p.A. becomes part of the Possehl Group
The week before last, the shareholders of Etipack S.p.A. signed a notarized contract with Possehl Mittelstandsbeteiligungen GmbH as they have acquired all shares of the company based in Cinisello Balsamo, northern Italy.
Etipack was founded in 1978; in more than 40-year history the previous shareholders, through targeted and sustained internal and external growth, have succeeded in developing the company into a leading manufacturer of industrial labeling solutions both on the domestic and foreign markets. In addition to the leading company based in Italy, with its two production plants in Cinisello and Soncino, there are five further subsidiaries and affiliates in Europe and America. With around 100 employees, sales of just under € 17 million were achieved in 2018.
Possehl is a globally operating diversified group of companies with more than 13,000 employees and a most recently consolidated turnover of Euro 3.8 billion. The Possehl Group consists of nine distinct and separate divisions, one of which is the labeling systems business unit called Possehl Identification Solutions. With around 750 employees, this division generates annual sales of around € 150 million and operates with independent companies in ten countries around the world. Most recently, in 2017, Italy-based Eidos S.p.A., a specialist in digital thermal transfer printing, was taken over by the rapidly growing Possehl Identification Solutions division.
For Etipack, membership in the international Possehl Group and cooperation with the other labeling companies opens up many opportunities for further development and growth. “We see Possehl as the ideal successor to our company, with its long-term and sustainability-oriented corporate concept. Throughout the sales process, we have come to know Possehl as an extremely reliable and determined partner “, says Davide de Ferrari, representing all the retired shareholders and adds:” We are also aware and pleased of the fact that the sole shareholder of the Possehl Group is a charitable foundation”.
The project carried on by Possehl relies on continuity and reliability, demonstrated by the fact that – as with all companies in the Group – the company name as well as the registered office of the company are preserved. Marco Parretti, former sales director, is the new managing director responsible for the operative business of the company.
The Possehl Group, operating worldwide under the leadership of Management-Holding L. Possehl & Co. mbH, is a diversified corporate group currently comprising nine decentrally organised divisions that are economically independent of each other. In addition to L. Possehl & Co. mbH, the Possehl Group comprises 200 subsidiaries in more than 30 different countries. In the financial year 2018, the Group generated revenues of some 3.8 billion euros. Possehl currently employs around 13,300 people worldwide.
The company was founded in 1847 by Ludwig Possehl as a local hardware store in Lübeck. Since 1919, the non-profit Possehl Foundation has been the sole shareholder. This corporate structure enables the Possehl Group to operate independently and provides the basis for long-term entrepreneurial decisions.
For further information about Possehl please visit http://www.possehl.de.
Head of Corporate Communications
L. Possehl & Co. mbH
Phone: +49(0)451 148-223