COPTIP INDUSTRIE GRAFICHE SOCIETÀ COOPERATIVA and C.C.M. COOP. CARTAI MODENESE SOCIETÀ COOPERATIVA, leading firms based in Modena in the fields of commercial and advertising printing, as well as the production and marketing of food packaging, have recently acquired 100% of the share capital of CARTEX SRL, a company operating in the field of carton packaging, located in Gambassi Terme (Florence).
For COPTIP and CCM, the Presidents and legal representatives of the companies, Giuseppe Rovatti and Davide Faietti, respectively, were involved in the transaction.
As part of the transaction, Bacciardi Partners assisted COPTIP and CCM in the execution of the Legal, Labour, Fiscal, Financial and Privacy Due Diligence and also provided assistance in defining the valuation aspects of the target. Environmental, workplace safety, machinery, and infrastructure due diligence were conducted by ATS Consulenti Associati.
Regarding the acquisition contracts, Bacciardi Partners assisted COPTIP in the preparation, negotiation, and finalization of the letter of intent, the preliminary share purchase agreement (SPA), as well as the ancillary contracts related to the SPA.
With reference to the same contracts, Baldi&Partners assisted CCM, also carrying out some activities in the economic, financial, and valuation support.
Bacciardi Partners, operating from its Bologna office, was represented by a multidisciplinary team composed of: for the Corporate Finance division, Partner Renato Capanna, Senior Advisor Manuela Santini, and Advisor Valentino Piunti, and for the legal and tax aspects, Managing Partner Lorenzo Bacciardi, LL.M., Partner Pier Federico Orciari, Of Counsel Ilenia Veloni, l’Of Counsel Michele Sacchi, Associate Irene Cappelli, and Junior Associate Giovanni Bigotti.
Baldi&Partners was represented by a team led by Managing Partner Francesca Baldi for legal matters and Partner Andrea Magnanini for economic and financial aspects.
The Nicolini Associated Notary Office in Sassuolo handled the notarial aspects of the acquisition.
As a result of the transaction, COPTIP and CCM intend to achieve diversification and reorientation of their product portfolio, focusing on the manufacturing of carton products for packaging related to self-consumption in GDO/DO retail outlets.