Announced
Completed
Financials
Sources
Tags
Acquisition
Private
Italy
sunscreen
Cosmetics
Domestic
Majority
Private Equity
Completed
Friendly
Single Bidder
Synopsis
21 Invest-backed Zanzar, a firm active in the production of anti-insect systems, sunscreens, shutters and other accessories for the world of fixtures, completed the acquisition of Palagina, a firm engaged in the production of anti-insect systems and premium sunscreens. Financial terms were not disclosed. "This operation is an important first step in accelerating the shared development path that we are structuring with Zanzar. The approach pursued sees, on the one hand, organic growth and, on the other, the consolidation of the sector as an important lever for the creation of long-term value," Alessandro Benetton, 21 Invest President and Founder.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.