STOP PRESS

Milan, July 31st 2018

THE CURRENT CEO AND THE FOUNDING FAMILIES ACQUIRE FULL OWNERSHIP OF ISEM S.r.l, A LEADING COMPANY IN THE EUROPEAN MARKET OF LUXURY PACKAGING, COSMETICS AND SPIRITS.

Engineer Francesco Pintucci, ISEM’s current CEO, along with some close financial investors, as well as the current minority shareholders and former founders – the Galbiati and Stangalino families – acquired, today, 31st July 2018, 100% of the company shares. A capital increase of 2 million euros, due to strengthen the capital base, has been set aside to complete forthcoming acquisitions, currently in an advanced stage of negotiations. As of today, private equity APE, which had acquired the majority shareholding in June 2008, abandons the company structure.

Under Mr Pintucci’s leadership, ISEM has gradually been reorganising since June 2016, by strategically repositioning itself in the markets, which led to sound and steady financial improvement. The company is today a leading player in the European market of luxury rigid gift sets and folding cartons for perfumery, cosmetics and spirits, and it boasts a client portfolio that includes multinationals such as Coty, L’Oréal, Shiseido and LVMH. The year 2017 closed with a turnover of approx. 32,5 million euros, an EBITDA in the region of 3,2 million euros and a net worth in excess of 800k euros. The current year’s trend fully confirms the growth and strengthening of profitability.

Currently, ISEM’s headcount tops 160 staff, most of whom work at its headquarters in Vigevano (south-west of Milan); we also have a subsidiary Paris-based office, ISEM France. We are serving over 40 major brands of perfumery, cosmetics and spirits, among which are: D&G, Armani, Calvin Klein, Cavalli, Givenchy, Bulgari, Louis Roderer, Lanson and more.

 

“I’m really proud to announce this operation – Pintucci reveals; in addition to the development plan we are constantly implementing, and thanks to the continuous and qualified support of employees, customers and suppliers, we shall be able to stand out, not only as a historical player with consolidated expertise in this field, but also as a technological leader and in the capacity for innovation,  combined with the recognisable Italian creativity and savoir-faire in graphic design. We are positive that a future of success awaits us – adds the CEO – in spite of the hardships of the current economic crisis. We are ready to take up the challenge and show how we can improve efficiency and flexibility, despite all”.

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ISEM S.r.l. Press Office
Giovanni Ripoldi, +39 0381 874782, giovanni.ripoldi@isemgroup.it;