The Uteco Group is pleased to announce that on 26 th July 2018 the closing was signed with NB Renaissance - a private equity fund which has acquired controlling interest 81%.
The top Management of the Group, formed by Aldo Peretti, President and CEO, Simone Quinto, CFO and Stefano Russo COO, decided to reinvest in the new company, with the commitment to continue to manage it independently and continue the strong growth of recent years highlighted by great successes and worldwide recognition.
Aldo Peretti comments: "Today marks for Uteco the beginning of a new phase, characterized by new growth opportunities and technological advancements, investments in new production capacity (the fourth plant in Italy will be operational by year end) , reinforcement of the company's positioning worldwide and selected strateglc acquisitions, with the objective of making Uteco a key market reference and center of excellence for Made in Italy worldwide.".
Simone Quinto adds: "Up until now, Uteco has grown internally, and now the second phase of development begins, involving the increase in "Critical Size" through acquisitions in various sectors of printing and converting and the worldwide expansion of all after sales activities.".
Stefano Russo concludes: "All ongoing and planned programs relative to optimization of the manufacturing process will continue with renewed intensity within the organization with targeted resources in R & D, as well as in partnership with strategic Suppliers and technological Partners."
Marco Cerrina Feroni and Stefano Bontempelli, Senior Partners of NB Renaissance said: "Uteco is an Italian Leader with a global reach and a strong positioning in the printing machines for flexible packaging, a sector charachterized by important long term growth trends worldwide.
As a result of its continuous investment in R&D and product development, Uteco today represents a unique player in the sector and our goal is to support management to further accelerate the Group's expansion in the international markets."
The group rooted in Verona area will continue to be the driving force for all the directions of future development, the beating heart of a company that has always had in its DNA the employment and growth of a highly specialized and motivated work force.
The shift from a family company structure to that of a Group with a greater international scope reinforces at the same time the corporate vision towards a leadership and technological excellence in all the world markets of printing and converting, as a champion of Made in Italy,
in particular for an increasingly advanced, innovative and eco-sustainable packaging, committed to continuous developments also in collaboration with the main Italian (but not only) brand owners, wordleader in food & beverage.
NB Renaissance Partners is a private equity fund that currently manages € 930 million, dedicated to investments in medium-sized companies based in Italy. It is part of the Neuberger Berman group, a global and independent investment company that manages about $ 300 billion
through approximately 2,000 professionals in 20 countries. In particular, Neuberger Berman invests approximately $ 5 billion annually in private equity globally and therefore has access to a broad network of entrepreneurs, investors, managers and consultants in all major markets.
NB Renaissance will make available to Uteco the network of relationships of the Neuberger Berman group worldwide, to support its development through the introduction to possible customers, suppliers, industrial and commercial partners and possible acquisitions.
( In the picture the current members Team with the new Ones and the main Advisors and Consultants who have supported the operation on the helicopter landing strip at the top of the Uteco tower after the signature of the agreement)