
DeA's Taste of Italy supports CDS bolt-on
DeA Capital's Taste of Italy fund has backed portfolio company CDS's 100% acquisition of Spanish group Manufacturas Inplast.
The fund owned 35% of the Italian plastic bottle top producer CDS as of April 2017. The Delfanti family – who own a majority stake in the business – are keen to expand to other European markets.
Company
Manufacturas Inplast designs, manufactures and supplies caps made out of different plastic materials. It operates in Spain and generates a €5.5m EBITDA against revenues of €27m.
CDS generated €8.5m in EBITDA against €41.5m in revenues last year. The joint group will be headquartered in Piacenza, Italy, with a joint turnover of €68.5m and a combined €14m EBITDA.
People
Idea Taste of Italy – Andrea Bertonello (managing director).
CDS – Alessandro Delfanti (CEO).
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