Auctus and Matteo Pellegrini to acquire a majority stake in PPM Industries from Pellegrini family.

Auctus, a private equity firm, and Matteo Pellegrini to acquire a majority stake in PPM Industries, an Italian manufacturer of adhesive tapes, from Pellegrini family. Financial terms were not disclosed. “I am highly motivated and determined to further boost the internationalization process of PPM Industries by expanding the footprint into new challenging markets, where we shall add value with our expertise, know-how and best practices. Auctus Capital Partners represent the ideal allied to achieve our ambitious targets both on organic and inorganic growth," Matteo Pellegrini.