Multiply Group, an investment holding company headquartered in Abu Dhabi in the United Arab Emirates, has agreed to acquire a majority stake in Italy-based ISEM Packaging Group, as stated in a press release posted on Zawya.
Multiply will own 60.8% of the Italian packaging company post deal completion. Private equity firm Peninsula Capital and other minority investors will hold the remaining 39.2% interest.
The transaction is awaiting regulatory clearance, with its financial terms remaining undisclosed.
The move expands Multiply’s portfolio into the packaging sector, creating its fifth consumer-focused vertical alongside its existing beauty and apparel businesses.
ISEM, established in 1949 and based in Bologna, operates 11 manufacturing plants.
The firm produces rigid boxes, folding cases, silk paper and dust bags.
Global brands such as LVMH, Kiko, Gucci, L’Oréal, Puig and Coty Lancaster are among its clients.
The partners look to combine Multiply’s investment capabilities with Peninsula’s sector expertise and presence in Southern Europe to speed up ISEM’s international expansion.
This is Multiply’s sixth global alliance since its listing on the Abu Dhabi Securities Exchange in December 2021.
Multiply Group group CEO and managing director Samia Bouazza stated: “With this acquisition, alongside Peninsula Capital and the management of ISEM, we see opportunities to maximise competitive advantages, elevate value creation and create synergies within the industry and potentially with our beauty and apparel sectors.”
ISEM group CEO Francesco Pintucci added: Multiply Group’s investment will further strengthen ISEM’s industrial platform and accelerate our global expansion, enabling us to serve our clients even better — with greater scale, agility and technological excellence — while preserving the entrepreneurial DNA and human values that define our success.”
