Transaction

Clearwater advises Lumson on the sale of its subsidiary Marino Belotti to Alcedo

Transaction

Lumson S.p.A. on the sale of its subsidiary Marino Belotti S.r.l. to Alcedo SGR

Sell-side

Undisclosed

Role

Adviser to Lumson on the sale of its subsidiary Marino Belotti to Alcedo

Sector

Industrial & Chemicals

Region

Italy

We have advised Lumson S.p.A. (Lumson), a leading group in the design, production, and commercialisation of innovative primary packaging solutions for the skincare sector, on the sale of its subsidiary Marino Belotti S.r.l. (Marino Belotti) to the private equity fund, Alcedo SGR (Alcedo).

Founded in 1975 by Cav. Remo Moretti and now led by Matteo Moretti, Lumson operates across six facilities in Italy, with branches in France, the US, Spain, Germany, and Poland. The group is renowned for its innovative, primary packaging solutions, particularly within airless systems, dispensing systems, glass bottles, plastic bottles, and lipstick packaging. With a consolidated revenue exceeding €140m and over 600 employees, Lumson continues to be a significant player in the skincare packaging industry.

With over 30 years of experience, Marino Belotti specialises in the design, development, and production of premium, primary packaging solutions for the prestige and masstige segments of the cosmetics industry. Marino Belotti has established strong relationships with leading Italian and international cosmetic brands as well as key Italian formulators, offering a wide and diverse product portfolio recognised for its quality and high customisation potential, including additional finishing and decoration services.

Alcedo, along with two managers from Marino Belotti, acquired 100% of the company's capital from Lumson. The managers, CEO and Head of Operations, will retain a minority stake and continue their operational roles, aiming to drive the company's growth.

Through this transaction, we have supported Lumson on its strategy, focusing all the group’s resources on its core skincare packaging business and strengthening the robust growth trajectory it has embarked upon.

set collection group beauty fashion makeup

Marino Belotti aims to be a key reference point in the market for its wide range of solutions, products, and service quality, as well as its capacity to innovate and diversify, especially in the prestige segment of cosmetics. With Alcedo's support, our primary objective is to grow Marino Belotti into a leading international player.

Maria Teresa Belotti, CEO, Marino Belotti
set collection group beauty fashion makeup

I am very pleased to pass the leadership of Marino Belotti to Alcedo. I am convinced that their expertise will drive the continuous development of the company in the makeup packaging market. This transaction allows Lumson to continue its strong growth trajectory, following the exit of the FSI fund, focusing all the group's resources on the core skincare packaging business. I also wish Maria Teresa Belotti and Alfredo Gavazzeni a future full of satisfaction and a successful partnership with Alcedo.

Matteo Moretti, Chairman and Owner, Lumson

The cosmetic packaging sector is a dynamic market with significant growth prospects in both Italy and Europe, populated by numerous small and medium-sized enterprises. This transaction highlights our expertise in the sector, establishing us as the preferred adviser for those seeking strategic partners and investors to elevate their business. This sector presents substantial development opportunities.

Francesco Perrini, Chairman Italy, Clearwater

Advisers

Transactions