Italian private equity firm takes 35% share in Lumson packaging
Lumson is an Italian company that produces beauty packaging for major international industry players including Estée Lauder, L’Oréal and Sephora.
It serves as a manufacturer and distributor of beauty packaging products, with 70% of its ‘made in Italy’ production – realised from two production sites in Italy – exported to international markets.
Outside of Italy, Lumson has commercial divisions in the United States, France, Spain and Germany.
“We invest in companies guided by an entrepreneurial family with a solid track record, a long-term vision, focused on the growth of the company and without financial leverage,” Maurizio Tamagnini, CEO of Fondo Strategico Italiano (FSI), explains.
Luxury focus
The luxury industry is one of the pillars of Fondo Strategico Italiano, the company says.
Last year, FSI acquired a 41% minority stake in the Missoni luxury label, and the investor has other beauty sector stakes in its portfolio.
Tamagnini notes: “With the investment in Lumson, FSI participates in the development and consolidation of the Italian beauty sector, which represents a global excellence in a constantly growing market.”
For Lumson, the deal enables the company to fund its growth plans. The packaging segment of the beauty sector is valued at more than €7 billion for Europe and North America alone, and the firm’s president Matteo Moretti has set his sights on a more ambitious market share.
“The investment will provide Lumson with new resources to finance its growth, led by R&D and innovation, while leveraging FSI’s expertise and international muscle,” he says.
Moretti and his family have retained a 65% share in Lumson.
Paolo Valsecchi has now been named chief executive officer of Lumson, and the five other members of the Board of Directors are Remo Moretti (Honorary Chairman); Matteo Moretti (Chairman), Giovanni Broggiato (Vice Chairman and CFO); Marco Tugnolo (Investment Director at FSI) and; Carlo Bozotti (Industrial Partner at FSI).
