Transpack acquires Atlante group packaging units via Italian insolvency process
Transpack Group has acquired the operating businesses of Enwrap Logistic & Packaging, Atlante and Beaver Facility Management from the insolvent Gruppo Atlante, under a group composition with creditors before the Milan court. The sale, completed under Italy's crisis code competitive tender procedure, preserves the businesses and all 150 jobs, with Transpack using dedicated vehicles Enwrap and TPK Partecipazioni to complete the acquisition.
Why this mattersA distressed-M&A exit lets an Italian industrial packaging and logistics group expand while avoiding liquidation of the target's operations and jobs.
- Transpack acquired Enwrap Logistic & Packaging, Atlante and Beaver Facility Management from Gruppo Atlante.
- Deal completed under Italy's Codice della crisi d'impresa (art. 91 competitive procedure) within a group composition with creditors before the Milan court.
- All 150 employees of the Atlante group businesses were retained.
- Transpack, founded in Padua in 1973, is led by Nico Pittarello and employs over 600 people across 8 operating companies and more than 30 plants.
- Acquisition vehicles used were Enwrap and TPK Partecipazioni.
- Cicala Riccioni & Partners advised the seller; SC&A advised Transpack.
Sources
legalcommunity.it
IT