Cartonpack Group, a prominent provider of multi-material food and drink packaging solutions, is excited to announce the successful acquisition of a majority stake in FIMAT, a well-established producer of cardboard packaging for the food sector.
Located in Boffalora sopra Ticino (MI), FIMAT will significantly enhance the Group’s portfolio of fiber-based packaging solutions, while expanding its industrial presence in Northern Italy. This region has demonstrated robust growth, supporting the Group’s initiatives to strengthen its foothold in both the French and German markets. FIMAT will remain under the leadership of the Fornaroli family, continuing the high standards of product quality and customer service that have defined its esteemed reputation.
For Cartonpack Group, this acquisition marks a meaningful addition that enhances its portfolio of companies and solidifies its expansion in the European food packaging market. This development follows a series of successful acquisitions since 2020. Currently, propelled by the strategic support of A&M Capital Europe investment fund – AMCE, and the founding family, the Group has achieved a pro-forma turnover of €200m as of 2024.
Forging new synergies to drive the change
The strategic alliance between FIMAT and Cartonpack heralds the creation of powerful synergies, generating substantial benefits for both organizations and their clientele. By combining their extensive manufacturing capabilities and commercial expertise, these leading companies are poised to revolutionize packaging solutions tailored specifically for the fruit, vegetable, and broader food sectors. This partnership uniquely positions them to offer innovative and competitive products that meet the demands of a rapidly changing market with consistency and efficiency.
Renowned for its distinct multi-material approach, Cartonpack Group reinforces its commitment to food and drink sustainable packaging. The company emphasizes responsible production by integrating exceptional product quality with environmental stewardship, utilizing recycled and recyclable raw materials. This enduring focus aligns with Cartonpack’s mission to foster a greener, more sustainable future, thereby raising industry standards in sustainable packaging solutions.
On legal, tax, accounting, environmental, and health and safety matters, Cartonpack received expert advice from Alpeggiani Avvocati Associati, Spada & Partners, and Ramboll, respectively.
