11.01.18
FSI, on behalf of FSI Mid-Market Growth Equity Fund and the Moretti family, has announced an agreement for the acquisition of an interest in Lumson S.p.A. Lumson is an Italian leader in primary packaging for the cosmetics industry, with forecasted revenues of approximately 100 million Euros in 2018. With around 550 employees, the company has two production sites in Italy and commercial subsidiaries in the U.S., France, Spain and Germany. At closing, Lumson will be 65% owned by the Moretti family and 35% held by FSI.
The seven-person board of directors will include Remo Moretti, as honorary chairman, Matteo Moretti, as chairman, Paolo Valsecchi, as CEO, Giovanni Broggiato, as vice chairman and CFO, Marco Tugnolo, investment director at FSI, Carlo Bozotti, industrial partner at FSI and former CEO at STMicroelectronics.
“I am very pleased about the FSI partnership, a prestigious and patient Italian investor with an international network. The investment will provide Lumson with new resources to finance its growth, led by R&D and innovation. The Moretti family is very proud of this agreement, which further enhances our family’s long-term commitment to Lumson. The sector has recorded the highest revenue growth among the Italian industrial sectors between 2008 and 2016 and converts in exports 42% of its output” says Matteo Moretti, chairman, Lumson.
The seven-person board of directors will include Remo Moretti, as honorary chairman, Matteo Moretti, as chairman, Paolo Valsecchi, as CEO, Giovanni Broggiato, as vice chairman and CFO, Marco Tugnolo, investment director at FSI, Carlo Bozotti, industrial partner at FSI and former CEO at STMicroelectronics.
“I am very pleased about the FSI partnership, a prestigious and patient Italian investor with an international network. The investment will provide Lumson with new resources to finance its growth, led by R&D and innovation. The Moretti family is very proud of this agreement, which further enhances our family’s long-term commitment to Lumson. The sector has recorded the highest revenue growth among the Italian industrial sectors between 2008 and 2016 and converts in exports 42% of its output” says Matteo Moretti, chairman, Lumson.
