Italian private equity operator Gradiente sgr (through its Gradiente I Fund) will buy a majority stake in TR Alucap srl, a leading flexible packaging manufacturer for the food&beverage sector with special focus on dairy products (download here the Italian press release).
Coinvestors with Gradiente I Fund have been La Finanziaria Trentina and the new ceo of the company, Luigi D’Auria, who will own a minority stake in TR Alucap capital. Investors will buy their stakes from the Taddei family, the company owners since 1950s. TR Alucap counts around 50 employees and reached 16.5 million euros in revenues in 2013 with a 40 pct stake coming from abroad. On the whoile, 60 pct of the revenues come from flexible aluminium lids for the dairy sector (especially yogurt suppliers).
Gradiente sgr’s shareholders are its management team and some Italian local financial institutions (Fondazione Cassa di Risparmio di Padova e Rovigo, Sinloc, Sistema Iniziative Locali spa, Carimonte holding e Fondazione Cassa di Risparmio di Lucca).