ITALY - Aksìa acquires a 55% stake in Plastiape

Banca Popolare di Milano and Intermonte provided a senior debt package of EUR 18m to support the deal.

Northern Italian Plastiape manufactures packaging for the cosmetic and pharmaceutical industry. In 2007, the business reported a EUR 45m turnover with an EUR 8m EBITDA. Similar figures are expected for 2008.

Alfredo Masuello, a former Bicc, Pirelli Cavi and Nexans Italia manager, has been appointed CEO. Masuello reportedly gained a minority stake in the firm, while the remainder is held by the previous owners.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Buyouts
• Southern Europe