Carton Pack Expands Control with Acquisition of Andolfi & C
Deal News | May 23, 2025 | Finance Community IT - 1 Corporate M&A
Carton Pack Group, an Italian company in the packaging industry, has acquired a majority stake in Andolfi & C, a long-established firm in sustainable flexible packaging. The acquisition aligns with Carton Pack's strategy to enhance its operational capabilities towards sustainability and flexibility. A&M Capital, which acquired Carton Pack in 2022, supports this expansion. Advisors in this deal included Spada & Partners for financial and tax matters, Erm for environmental and safety issues, and Alpeggiani for legal advice. Andolfi was advised by financial advisor Marcap and legal firm BonelliErede. This move builds on Carton Pack's previous acquisition of Fimat in the food packaging sector.
Sectors
- Packaging
- Private Equity
Geography
- Italy – Both Carton Pack and Andolfi & C are Italian companies, and the acquisition occurs within the Italian business landscape.
- United Kingdom – A&M Capital, the controlling private equity firm of Carton Pack, is based in London, indicating UK involvement in the investment.
Industry
- Packaging – This article is focused on companies involved in the packaging industry, specifically in sustainable packaging solutions.
- Private Equity – A&M Capital's involvement as a private equity firm in Carton Pack’s broader strategic acquisitions is highlighted.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Carton Pack Group | Acquirer | Company | An Italian packaging company active in the fruits and vegetables and food sectors. |
| Andolfi & C | Target Company | Company | A historical Italian company specializing in sustainable flexible packaging. |
| A&M Capital | Private Equity Investor | Company | A London-based private equity firm that controls Carton Pack Group. |
| Spada & Partners | Financial and Tax Advisor | Company | Provided financial and tax advisory services to Carton Pack. |
| Erm | Environmental & Safety Consultant | Company | Advised Carton Pack on environmental, health, and safety issues. |
| Alpeggiani | Legal Advisor | Company | Legal advisor to Carton Pack during the acquisition. |
| Marcap | Financial Advisor | Company | Provided financial advisory services to Andolfi & C. |
| BonelliErede | Legal Advisor | Company | Legal advisor to Andolfi & C. |