M&A Deal Summary

adapa Group Acquires Sidac

On April 1, 2021, adapa Group acquired packaging company Sidac from Orienta Partners

Acquisition Highlights
  • This is adapa Group’s 3rd transaction in the Packaging sector.
  • This is adapa Group’s 1st transaction in Italy.

M&A Deal Summary

Date 2021-04-01
Target Sidac
Sector Packaging
Buyer(s) adapa Group
Sellers(s) Orienta Partners
Deal Type Add-on Acquisition

Target

Sidac

Forli, Italy
Sidac is a manufacturer of flexible packaging particularly in the food, beverage, confectionery, and animal feed segments. The product portfolio primarily encompasses complex laminates supplied on reels and used in the ready-to-eat convenience food and pet food segment (stand-up pouches). Sidac was formed in 1929 and is based in Forli, Italy.

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Buyer(S) 1

Buyer

adapa Group

Wiener Neudorf, Austria

Category Company
Sector Manufacturing
Revenue 370M EUR (2015)
DESCRIPTION

adapa Group is a manufacturer of flexible packaging products in Europe across a range of end markets including meat & cheese, confectionary, pharmaceutical specialties and tobacco. The Company covers the entire value-added chain in the packaging industry – from the procurement of raw materials to extrusion, pressing, lamination and processing. adapa Group operates 11 production plants across Germany, Finland, Denmark, the Netherlands, Poland, Slovakia and Greece. adapa Group is based in Wiener Neudorf, Austria.


DEAL STATS #
Overall 4 of 5
Sector: Packaging M&A 3 of 4
Type: Add-on Acquisition M&A Deals 4 of 5
Country: Italy M&A 1 of 2
Year: 2021 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-01 Drukkerij Zwart

Amersfoort, Netherlands

Drukkerij Zwart is specialized in narrow-web printing for food and drink market segments as well as converting for a large variety of paper and polymer-based packaging in small and medium volumes in very short lead times and highest quality. Drukkerij Zwart is based in Amersfoort, Netherlands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-29 Termoplast

Florence, Italy

Termoplast is specialized in polymeric films for Flexible Packaging. Termoplast's 100% recyclable MDO-PE films offer s excellent processing qualities for all printing technologies and special applications for industrial companies and as well for food, medical and pharmaceutical sectors. Termoplast was founded in 1967 and is based in Florence, Italy.

Buy -

Seller(S) 1

DESCRIPTION

Orienta Partners is a private equity firm focused on Italian businesses with high-growth potential and hidden, underlying value. Orienta Partners was established in 2011 and is headquartered in Forli, Italy.


DEAL STATS #
Overall 1 of 2
Sector: Packaging M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Italy M&A 1 of 2
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-11 Virosac

Treviso, Italy

Virosac is a provider in the production of waste bags, such as biodegradable bags, bags for recycling, and perfumed bags, both domestic and professional. Virosac was founded in 1973 and is based in Treviso, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-25 Passione Unghie

Vicenza, Italy

Passione Unghie is a digitally native nailcare brand with a primary focus on UV based products, with semi-permanent, nail builders and gel polish being the core products. The company represents the e-commerce disruptor in the Italian nailcare market and the only platform of its kind in Europe with operations in Spain, France, Germany and the UK. Passione Unghie was founded in 2011 and is based in Vicenza, Italy.

Sell -