Cadicagroup Completes Acquisition of Scatolificio Cartotecnica Giorgi
Deal News | Jun 17, 2025 | Finance Community IT - 3 Private Equity
Cadicagroup, a company under the control of Hig Capital that specializes in providing labels, tags, and packaging for high-end clothing brands, has acquired the remaining 20% of Scatolificio Cartotecnica Giorgi, achieving full ownership and rebranding it to Cadica Boxes. This acquisition aligns with Cadicagroup's growth strategy, driven by CEO Massimo Piombini, to enhance its position in the European market. The company has an extensive commercial and distribution network spanning the USA, China, Hong Kong, Romania, and Turkey, generating revenues exceeding 90 million euros. This strategic investment aims to create a more robust, integrated group under the renowned Cadica brand, known globally for its competence and quality production.
Sectors
- Packaging & Labeling
- Private Equity
- Luxury Goods
Geography
- Italy – Cadicagroup and Scatolificio Cartotecnica Giorgi are both Italian companies, with operations rooted in Italy.
- Europe – Cadicagroup is positioned as a major player in the European market for labels and packaging.
- Global – Cadicagroup has a global presence with commercial bases in the USA, China, Hong Kong, Romania, and Turkey.
Industry
- Packaging & Labeling – The article involves Cadicagroup, which specializes in packaging, labeling, and embellishments for premium brand segments.
- Private Equity – Hig Capital, a private equity firm, is identified as the controlling shareholder of Cadicagroup.
- Luxury Goods – Cadicagroup supplies to premium and absolute luxury segments in the fashion industry.
Financials
- Over 90 million euros – Cadicagroup's annual revenue from its global operations.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Cadicagroup | Buyer | Company | An Italian company providing labels, tags, and packaging for high-end clothing brands, controlled by Hig Capital. |
| Hig Capital | Private Equity Firm | Company | The private equity firm that controls Cadicagroup, facilitating its growth strategy. |
| Scatolificio Cartotecnica Giorgi | Target | Company | A company previously located in Tolentino, acquired completely by Cadicagroup and rebranded as Cadica Boxes. |
| Massimo Piombini | CEO | Person | CEO of Cadicagroup, leading its growth strategy and market positioning. |