The All4Labels Group has expanded its international portfolio of family-owned label converting businesses with the addition of leading Italian shrink sleeve label converter Rotomet and the roll-fed activities of the GPS Group.
The renamed GPS-Rotomet becomes a fully owned subsidiary of All4Labels, while Daniele Grotto and Andrea Cerisara, who founded and developed the business over decades, become shareholders in All4Labels and part of the management team.
To ensure business continuity, Daniele Grotto also retains the chairmanship of GPS-Rotomet and Andrea Cerisara continues to run the roll-fed and shrink sleeve businesses.
The shopping bags division of the GPS group is not part of the agreement and remains under the full control of the Grotto family.
GPS Label and Rotomet together account for a total combined turnover of approximately EUR 50m in 2019, with their two facilities in Schio, Italy, serving both local and multi-national customers with shrink sleeve and roll-fed labels for the food & beverage and home & personal care markets. The company runs both mid-web offset and CI flexo press technologies and has around 130 employees.
Adrian Tippenhauer, CEO of All4Labels Group said: ‘We are extremely pleased and proud to welcome Mr. Grotto and Mr. Cerisara and the entire GPS Label and Rotomet employees as new partners and members of the All4Labels Group. With the new team on board and their world-class manufacturing facilities in Italy, we are strengthening our position in the shrink sleeve and roll-fed market and benefit from many years of experience in this segment. I would as well like to thank our chairman Romeo Kreinberg and the Triton team, especially Herbert Doleisch and Fabrizio Gualdi, for the great support in this transaction. Without their dedication, it would have not been possible to bring this to a success.’
The Triton Private Equity group became an investor in All4Labels in November 2019. The 43 companies currently in Triton’s portfolio have combined sales of around EUR 17.4 billion and 96,700 employees. All4Labels has a global network of 29 productions sites with more than 3,000 employees.
Daniele Grotto, founder and owner of the GPS Group, said: ‘We are extremely pleased to have the opportunity to contribute our labels business to such a globally excellent player in the packaging industry as All4Labels. We have reached an extremely important goal that allows GPS-Rotomet to further push its development and growth while leveraging the commercial and industrial synergies offered by being part of a global group.
I would like to thank Adrian Tippenhauer, Romeo Kreinberg, the management team and all stakeholders of All4Labels for the synergistic approach and thinking and for embracing Andrea Cerisara and myself in their team. We appreciate them giving us the chance to ensure continuity to our venture and directly contributing to such an interesting success story.’