ITALY – Global producer of closures for spirits, wines, beverages and oil bottles, Guala Closures has agreed to acquire Vicenza-based high-end closures supplier Labrenta to expand its presence in the luxury segment.

The acquisition of Labrenta is expected to generate important synergies both at the industrial and commercial levels, by offering a full range of products for the fast-growing luxury sector.

It is also a strategic relevance for Guala Closures, as it moves a step toward becoming a world leader in the luxury segment.

Labrenta’s current shareholders (Gianni and Amerigo Tagliapietra – CEO and VP of Business Development, respectively) will reinvest in Guala Closures and will take on important managerial roles with regard to the group’s luxury closures segment.

“The deal will contribute to the achievement of the goals set in our strategic plan as well as to further strengthen our already significant presence in the luxury segment,” said Gabriele Del Torchio, President and CEO of Guala Closures.

“The entrepreneurial experiences of Gianni and Amerigo Tagliapietra will be crucial to support us throughout this new development path. The plant in Breganze will become an important center for research, development and production of luxury closures.”

Founded in 1971 by Enzo Tagliapietra in Breganze, Labrenta is a well-established manufacturer of high-end tailor-made closures for spirits, wine, oil, vinegar and beer.

The company, initially founded as a producer of natural cork for the Italian wine market has grown over the years under the direction of Gianni and Amerigo to establish itself as an international highly innovative firm and obtain 30 patents.

The company is expected to achieve more than €30 million (US$30.09 million) in revenues across its 800 customers in 70 countries in 2022. It has plants in Italy, Brazil and Mexico as well as a commercial branch in the United States.

Earlier this year, the company acquired Anacorks, a Portuguese firm that specialized in the production of luxury cork closures.

Thanks to its focus on R&D activities, as well as its attention to sustainability, Labrenta has launched product lines composed of natural and synthetic materials blends, therefore creating innovative and beautifully designed closures.

Meanwhile, Texte AlternatifGuala Closures currently employs more than 4,850 people and operates in five continents through 30 production facilities with approximately €710 million (US$712.11 million) LTM sales as of 31st of March, 2022.

Liked this article? Subscribe to our regular email newsletters with the latest news insights from Africa and the World’s packaging and printing industry. SUBSCRIBE HERE.