Carton Pack S.p.A., a provider of packaging materials that are multi-material and specialized designed for the vegetable and fruit and ready-to-eat market across Europe was founded in 1970 by the Leone family. Its headquarters are in Rutigliano (Puglia) It has successfully acquired an entire stake in Smilesys S.p.A.

Smilesys was established in 2013 by the CEO Ernesto Zanarella in Piazzola Del Brenta (Veneto) and has a focus on the production of recyclable and environmentally sustainable packaging that are used in the fruit and vegetable as well as food and beverage markets.

This transaction is Carton Pack’s second purchase since A&M Capital Europe (“AMCE”) which is a London-based middle market private equity firm that has EUR650 million in funds under administration, purchased an overwhelming stake in Carton Pack in April 2022.

The acquisition expands Carton Pack’s presence in environmentally sustainable products , while also expanding its reach into new technology. This is in line with the strategy of Carton Pack to establish itself as a major European food packaging company that offers a range of products made from multiple materials.

Carton Pack is uniquely positioned to support the next stage in development of Smilesys and will gain from the operational, commercial and strategic backing provided by Carton Pack. Smilesys is managed by its founder and CEO, Ernesto Zanarella.

“We are delighted by the decision to invest in Smilesys and are looking ahead to working closely with Chief Executive Officer Ernesto Zanarella and the rest of the management team to help support Smilesys’ ambitious growth strategies that will be implemented in both the market segments that are already in place and those with potential” is the comment of Gianni Leone, Chief Executive Officer of Carton Pack.

“The collaboration together with Carton Pack and A&M Capital Europe allows Smilesys to increase its business presence, and strengthens our dedication to the next stage of our growth” Commented Ernesto Zanarella – CEO of Smilesys.

Carton Pack and AMCE were guided by Chiomenti as counsel to the legal department on the M&A and corporate transactions as well as Gattai Minoli, Partners acting as counsel to the financial matters. KPMG as tax and accounting advisors, as well as Ramboll as the environmental, health and safety advisor.

More information is available here:

mktg@cartonpack.com

www.cartonpack.com