‘Supergroup’ Crealis raises funds for further growth
Crealis S.p.A. has succeeded in raising funds to support its next phase of growth following its acquisition of three companies in Portugal.
Closures company Crealis S.p.A. has successfully raised funding from a pool of banks and credit funds to continue its upward trajectory in the coming years.
The new finance will support the company’s growth plans, as seen through the recent acquisition of three Portuguese companies – Woodcap Industria de Capsulas de Madeira, (Manuel Firinho & Filhos and Jesus Couto & Pereira, all based in Porto.
Crealis told db it welcomed significant interest from lenders following its request for finance, demonstrating that there is a strong appetite and support from investors despite the current market environment.
BNP Paribas, Unicredit and Crédit Agricole CIB acted as global coordinators for the transaction, with Houlihan Lokey acting as exclusive financing advisor to Crealis S.p.A.
The three Portuguese acquisitions will create a “new industrial hub” for Crealis in Portugal and expand the company’s product offering by adding natural cork products to its line for the first time.
Last year, the drinks business reported that new supergroup Crealis was formed following the merging of key market players Sparflex, Enoplastic, PE.DI and Supercap. The group makes foils, capsules, wire hoods, corks, flanged corks, and more with an anual turnover to the tune of €300 million.
The merger would, said the company, “increase our capacity for innovation”, with 15 production sites and more than 2,000 employees within its fold. The acquisition of the three Portuguese firms has further increased this.
Crealis serves the still and sparkling wine markets as well as spirits, non-alcoholic beverages, oils, vinegars and fragrances.