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SCOUTING CAPITAL ADVISORS ASSISTS SAN POLO LAMIERE IN THE ACQUISITION OF ITALPACK
- Parma, 18 November 2024 – San Polo Lamiere S.p.A. (“S.Polo Lamiere”), a historic Parma-based service centre specialising in the processing and distribution of steel, has acquired 100% of Italpack srl (“Italpack”), Italy’s leading service centre in the processing and distribution of tinplate. This acquisition represents for S.Polo Lamiere the entry into a parallel market to that of carbon steels with a strong potential for growth and development of synergies between the two companies in the Emilia-Romagna region.
- Italpack, alongside the other subsidiaries of S.Polo Lamiere (Tecnopali and Armet), will contribute to further company growth and business diversification. While having steel as its common denominator, the new player aims at diversification in downstream sectors, a priority objective for the future. Italpack, thanks to a solid and historical partnership with Thyssenkrupp-Rasselstein, is confirmed as one of the most competitive and efficient companies in tinplate processing, with an offer that covers both the food and general line markets.
- The company will continue its activities while maintaining its autonomy and brand, in total continuity with the past, under the leadership of the new CEO Stefano Morelli. The new board members will be members of the S.Polo Lamiere Group – Roberto Ivaldi, Attilio Monici, Filippo Pedrazzoni and Tommaso Sandrini – and will guarantee maximum coordination between the group companies.
- Founded in 1968, S.Polo Lamiere is a company based in San Polo di Torrile (PR) specialising in the processing and distribution of flat carbon steels, offering services such as flattening, shearing and cold metal bending using a range of hot-rolled, cold-rolled and galvanised products. The company controls 100% of Armet Srl, a manufacturer of metal cabinets and owns 90% of Tecnopali Srl, specialising in poles and towers for lighting and telecommunications. Since 2023 it has been part of the Euronext group’s ELITE network, which supports small and medium-sized enterprises in accessing capital markets.
- Italpack, founded in 1992 by Athos Azzolini and headquartered in Tortiano di Montechiarugolo (PR), was joined in 2005 by Vito Albanese, an Italo-British partner. The company has experienced significant growth in recent years thanks to a strong streamlining of its production processes and the strengthening of its commercial positioning in the high-end segment as a result of its historic and consolidated partnership with Thyssenkrupp-Rasselstein, Europe’s largest producer of tinplate. Italpack, which closed its financial year to 30 September 2024 with more than 57 million euros in turnover and 50,000 tonnes processed, has significant growth potential that its membership of the S.Polo Lamiere Group will enable it to express as early as the 2025 financial year.
- In the transaction, S.Polo Lamiere was assisted by Scouting Capital Advisors as financial advisor, with a team comprising Managing Partner Filippo Bratta, Associate Director Elena Dal Pozzo and Analyst Alessandro Polazzi. Legal Advisor PwC TLS Associazione Professionale di Avvocati e Commercialisti acted with a team led by Legal Partner Avv. Filippo Zucchinelli, Director, Avv. Giulio della Casa and Manager Avv. Valeria Chiocca.
