Lumson acquires Lombardi Design and Manufacturing in US and Asia

Italian cosmetics packaging group Lumson has acquired Lombardi Design and Manufacturing in the United States through its Lumson USA subsidiary, and separately bought 100% of the group's Asian entity, Lombardi Design & MFG Limited. The moves give Lumson direct operations on three continents and were backed by a consortium of Italian banks including Intesa Sanpaolo and Banco BPM, with support from export credit agency SIMEST.

Why this mattersThe deal extends consolidation among specialised cosmetics packaging suppliers and gives Lumson manufacturing footprint directly in the US and Asian beauty markets it previously served from Europe.

• Lumson USA completed the acquisition of Lombardi Design and Manufacturing, a US-based maker of primary cosmetics packaging
• Lumson separately acquired 100% of Lombardi Design & MFG Limited, the group's Asian entity
• The deals extend Lumson's direct presence to three continents: Europe, North America and Asia
• Carl Lombardi remains chief executive of the US business and will support integration
• The acquisition was financed by a banking consortium of Intesa Sanpaolo, BNL BNP Paribas, Credit Agricole Italia and Banco BPM, with support from SIMEST
• Lumson's M&A was led internally by vice president Francesco dell'Elmo

Relevant to you? Yes No