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Tapì Group continues expansion with T&G purchase
Closures producer Tapì Group has continued its international expansion with the acquisition of European-based closures distributor T&G.
Tapì Group, which is owned by Wise SGR through Wisequity IV fund with co-investors being Nuova Energia Holding, EuroInvest and the management, has entered into a binding agreement for the purchase of 80% of the share capital of T&G GmbH – a closure producer with distribution in Germany, Switzerland, Poland, Austria and The Netherlands.
It follows the company’s acquisition of Tapì Argentina in October 2017 in oder to develop its south American markets, and gives the company greater access to Central European markets, strengthening its position as a multinational group in the design, production and distribution of closures for the beverage market.
The 20% share remains held by T&G founder and managing director, Mario Conoscenti, who will continue to run the company going forward.
“The acquisition of T&G is another piece of Group strategic plan that falls into place,” said Roberto Casini, Tapì Group CEO. “Through this transaction, we continue along our journey towards the strengthening of the leadership positioning in the premium and super premium beverage closures niche. Leveraging the strong business relationships developed over the years, T&G will play a crucial role in driving the commercial expansion in Central European countries”.
Mario Conoscenti, CEO of T&G added: “I’m happy to keep developing the company I founded back in 2011 while supporting the Group development on Central European markets that show very interesting opportunities in the spirits as well as in the beer segments.”
Most recently, the Tapì Group announced the launch of its new ‘Abor’ range of closures, which makes use out of distillery byproducts.
The range of closures are made using grape marc from grappa and Cognac, barley malt from whisky, sugar cane from rum, maize from Bourbon, juniper from gin and agave from Tequila as the raw materials for the eco-friendly closures, giving new life to materials at the end of their use that would otherwise be disposed of.