HIG Capital-backed Cadicagroup completed the acquisition of Scatolificio Cartotecnica Giorgi.

HIG Capital-backed Cadicagroup, a supplier of products such as labels, hangtags and packaging, completed the acquisition of Scatolificio Cartotecnica Giorgi, which is specialized in designing, developing and producing packaging boxes and shopping bags for important fashion, cosmetics, jewellery, eyewear and spirits brands. Financial terms were not disclosed. "We are pleased to be able to continue our growth together with Giorgi. As well as being a key Italian player in the packaging sector and one of the most innovative businesses in the industry, the company is also particularly attentive towards product sustainability and quality – aspects that are at the heart of our continual development," Andrea Carnevali, Cadica Group President and Founder.