Guala Closures acquires Labrenta to grow presence in luxury sector

By Rachel Arthur contact

- Last updated on GMT

Pic: Guala Closures
Pic: Guala Closures

Related tags: closures

Guala Closures – a producer of closures for spirits, wines, beverages and oil bottles – will acquire Italian closure manufacturer Labrenta.

Founded in 1971 by Enzo Tagliapietra in Breganze, Vicenza, Labrenta makes high-end tailor-made closures for spirits, wine, oil, vinegar and beer.

The company, initially founded as a producer of natural cork for the Italian wine market, has grown over the years to become an international firm holding 30 patents. In 2022 Labrenta is expected to achieve more than €30m in revenues across its 800 customers in 70 countries and has plants in Italy, Brazil and Mexico as well as a commercial branch in the United States.

In 2022, Labrenta acquired Anacorks, a Portuguese firm specialised in the production of luxury cork closures.

A recent R&D and sustainability focus for the company has been on product lines composed on natural and synthetic material blends.

Guala taps into fast-growing luxury sector

Guala Closures currently employs more than 4,850 people, operates in five continents through 30 production facilities with approximately €710m LTM sales as of March 31, 2022.

The acquisition of Labrenta is expected to ‘generate important synergies both at the industrial and commercial level’, by offering a range of products for the fast-growing luxury sector.

Gabriele Del Torchio, President and CEO of Guala Closures, said: "Labrenta is an excellent and innovative company, with a strong local presence, an important know-how, a well-organised team and a management with a long-term strategic vision. The acquisition of Labrenta represents an important opportunity for our Group. The deal will contribute to the achievement of the goals set in our strategic plan as well as to further strengthen our already significant presence in the luxury segment.

"The entrepreneurial experiences of Gianni and Amerigo Tagliapietra will be crucial to support us throughout this new development path. The plant in Breganze will become an important centre for research, development and production of luxury closures."

Labrenta's current shareholders (Gianni and Amerigo Tagliapietra – CEO and VP Business Development, respectively) will reinvest in Guala Closures and will take on managerial roles with regards to the group’s luxury closures segment.

Related topics: Processing & Packaging

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