Luxury packaging, Isem Group buys Industrial Pack- Corriere.it

We always return there, to the Emilian Packaging Valley. The new way of premium packaging however, this time, joins Bologna to Lombardy. In fact, in recent days the Isem group of Vigevano has completed the acquisition of Industrial Pack, a company from Bologna that has aggregated three companies in 2019 and for over 70 years specialized in high quality caskets, rigid boxes, cases and tissues. Isem, with a turnover of 50 million and 65% of exports, is among the leaders in the European market of luxury rigid boxes for perfumery, cosmetics and wine & spirits, partner of renowned customers worldwide such as L ‘ Oreal, Shiseido, Roederer, Hermés. Twenty years ago it renewed its business with “copackaging”, that is the insertion and preparation of the product inside the package, becoming a mix between production reality and integrated logistics. In May it was taken over by Peninsula Capital Management (led in Italy by partner Nicola Colavito) who wanted to make use of the skills of Marco Giovannini – former owner of Guala Closures, one who understands manufacturing and dizzying growth – and appointed him president.

“With the addition of the tissue paper and other Industrial Pack products, we aim at a strategy for sites dedicated to segments of the luxury market, which improve quality and service for the end customer”, specifies Francesco Pintucci who, since he hired in 2016 the role of CEO, is pursuing a clear expansion strategy: making his group an aggregator platform for different but complementary realities in a very fragmented Italian market, therefore, once united and strengthened, able to compete as a “system Italy”. In fact, Industrial Pack was chosen not only for the synergistic customer portfolio with Isem, but also because it owns three production plants in our country, essential element in a market phase in which all the main industrial producers tend to reposition their companies in Europe or in neighboring countries.

For 2025, the luxury sector is estimated to have an unparalleled acceleration globally: only the clothing and accessories segment will jump to 103 billion euros (+ 8.5%) while perfumery and cosmetics will reach 25 billion (+9, 2%), spirits and wines at 14 billion (+ 7.7%). With the countries of Asia and the Pacific set to lead the race, passing from 41 to 79 billion in spending on luxury goods. The Isem Group is not unprepared for the campaign of conquest, that of Industrial Pack is in fact the second shopping: first there was Grafiche Bramucci, which since 1966 in Sesto San Giovanni has been manufacturing cases for cosmetics and the high-end sector, with an annual production of over 50 million pieces. “The two companies reach 70 million in revenues and 270 employees,” continues Pintucci. «We want to acquire other companies to pursue growth based on markets, geography and products. The ambition is to exceed 100 million in turnover in 3-4 years, so much so that we are already thinking about another acquisition for next year ».

Both Isem and Industrial Pack are characterized by a strong vocation to ESG criteria, with their cellulose products helping to eliminate the use of plastic and to respect the environment, two themes increasingly embraced by the world of fashion and beyond. And with the cost of paper exploding, keeping up with the market becomes an even more difficult challenge. “Common goals, philosophies and strategies are certainly a way to face and overcome the obstacles of a complex global macroeconomic framework, but which at the same time gives important opportunities to those who know how to seize them”, comments Carlo Gregori, president of Industrial Pack, who he will become a shareholder of the Isem Group and vice president of both Isem and the Bolognese company.