Etipack becomes part of the Possehl Group

The week before last, the shareholders of Etipack S.p.A. signed a notarized contract with Possehl Mittelstandsbeteiligungen GmbH as they have acquired all shares of the company based in Cinisello Balsamo, northern Italy.

Etipack was founded in 1978; in more than 40-year history the previous shareholders, through targeted and sustained internal and external growth, have succeeded in developing the company into a leading manufacturer of industrial labeling solutions both on the domestic and foreign markets. In addition to the leading company based in Italy, with its two production plants in Cinisello and Soncino, there are five further subsidiaries and affiliates in Europe and America. With around 100 employees, sales of just under € 17 million were achieved in 2018.