Alkemia exits Taplast to trade

In addition, Trimas also bought the majority stake owned by the company's CEO, Paolo Santagiuliana, becoming the sole shareholder in Taplast.

Taplast will become a wholly owned division of Trimas's packaging business unit Rieke. Based in Bloomfield Hills, Michigan, Trimas controls a wide range of brands specialising in three main areas: manufacturing of dispensers for packaging; production of fasteners for commercial aircraft companies; and manufacturing of steel cylinders. The company employs 4,000 staff across 16 countries worldwide and generated EBITDA of $167m from revenues of $877m in 2018.

Previous Funding
Italian GP Nem – which was owned by distressed bank Banca Popolare di Vicenza – acquired a minority stake in Taplast via its €115m fund Nem Imprese in 2008. Swiss investment firm Montana Capital Partners acquired Nem in February 2018 in a deal valued at around €50m and rebranded the firm as Alkemia Capital Partners.

Company
Founded in 1974, Taplast is a designer and manufacturer of dispensers, plastic pumps, dosing caps, closures and containers for the beauty and personal care, household and food packaging markets, serving customers predominantly in Europe and the Americas.

The company has two manufacturing facilities located in Povolaro, Italy, and Levice, Slovakia, as well as commercial operations in the UK, the US and France, and a presence in several countries across Asia and South America. Taplast generated revenues of approximately $32m in 2018.

People
Taplast – Paolo Santagiuliana (CEO).
Trimas – Thomas Amato (CEO).

Advisers
Acquirer – Alantra (corporate finance).

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• Topics
• Exits
• Southern Europe
• Industrials
• Italy
• Trade sale
• United States