Italian private equity firm takes 35% share in Lumson packaging

By Lucy Whitehouse

- Last updated on GMT

Italian private equity firm takes 35% share in Lumson packaging
Lumson, a packaging player active in beauty and personal care, has received a EUR 70 million injection from private equity firm Fondo Strategico Italiano, in exchange for a 35% stake.

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).

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