DeA Capital-backed CDS buys Viki Plast
CDS, an Italian producer of plastic bottle tops backed by DeA Capital Alternative Funds, has acquired Poland-based bottle sealing company Viki Plast.
DeA acquired a 35% stake in CDS via its €218m Idea Taste of Italy fund in April 2017, while the founding Delfanti family retained a majority holding. Subsequently, the company bolted on Spanish plastic closures business Manufacturas Inplast in December 2017.
Established in 1977 and headquartered in Piacenza, CDS produces bottle closures as well as plastic cutlery, glasses and trays. The company employs 200 staff across five production facilities and generates EBITDA of €15m from revenues of €70m.
Company
Based in Skarżysko-Kamienna, Viki Plast specialises in manufacturing plastic closures for bottles and containers for the food and beverage, pharmaceuticals and cosmetics industries.
The company employs 68 staff and generates revenues of around €2.6m, according to press reports.
People
CDS – Alessandro Delfanti (CEO).
Idea Taste of Italy – Andrea Bertoncello (managing director).
Advisers
Acquirer – Scouting Capital Advisors (corporate finance).
Vendor – Excalibur Capital (corporate finance).
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