Marchesini strenghtens its cosmetics capacities
The Marchesini Group has finalized the acquisitions of two new companies in the key districts of Italian cosmetics. The first company acquired is Axomatic in Settimo Milanese, Milan, which specializes in automatic equipment for the cosmetics industry, as well as pharmaceuticals and food. The second business acquired is V2engineering in Zola Predosa, Bologna, which specialises in producing cartoning machines. Their machines are said to widen the group's offer for the so-called “end-of-line” products, another key aspect in the cosmetics and pharmaceuticals production chain.
According to Marchesini, both companies will be taken over with majority shares without changing their production processes or reference partners. The established corporate structures are said to be kept, too.
New hub will be created
Pietro Cassani, CEO of Marchesini Group, said: “With these two new acquisitions we are strengthening our business even further in the cosmetic packaging sector, respecting the requirements and requests, which are often very different to those of pharmaceutical sector. To be able to do this, we are building a 9,000 square meters factory entirely dedicated to this sector”.
The project took off last May. Once up and running, this division reportedly will act as a hub for the Group’s Cosmetics galaxy, which thanks to these new acquisitions, is said to reach a 50 million Euro turnover in 2019.