AMB Leader in Packaging Changes Ownership
AMB is a leading company in Italy in the packaging sector which, despite the difficult national and international situation, has continued on its path of growth so much so that it has become interesting to the American fund Peak Rock Capital which has taken over the controlling share.
Amb Spa changes flag. The controlling share of the Italian company, based in San Daniele del Friuli, leader in the food packaging sector, was acquired by the American fund Peak Rock Capital. A partnership that Amb itself defines as strategic and which at the moment does not change the composition of the board made up of Bruno Marin (CEO), Giles Peacock (COO), Paolo Cescutti (CPO) and Rolf Liebfried (CFO).
Founded in 1969, with 5 offices in Europe and over 430 employees, AMB is the undisputed market leader. It closed 2020 with a turnover of 180 million euros, with an Ebitda of 16 million, with 4 production sites in Europe and 430 employees.
It presents itself as a single interlocutor, capable of managing food packaging processes at 360°: from design, to prototyping, to the development of molds, to the production of flexible and rigid high-barrier and printed films.
«This agreement - states CEO Bruno Marin - represents a further step forward in our growth plans, probably the most important in our history.
In over 50 years, AMB has achieved this goal thanks to talented people and without ever losing sight of our goals. Peak Rock Capital is a historically active investor in our market, it knows both our business and the growth potential of our company."
The objective of the partnership «is to further accelerate our development plans, creating sustainable products within the circular economy - explains Marin -. Sustainability and food safety will continue to be at the heart of our activities to meet the needs of our customers."
Despite the pandemic and the resulting economic crisis, Amb achieved significant growth in 2020. «Thanks to the investment from Peak Rock Capital - adds Giles Peacock, COO of AMB - we will be able to further focus on our priorities, expand our presence globally and launch new growth initiatives, always in the name of innovation.
This partnership is based on solid shared values and I am sure that our customers, our employees and all the activities that revolve around AMB will benefit greatly from it."
The CEO of the American fund, Alex Dabbous, says he is enthusiastic about the operation. «For us, AMB represents a stimulating investment opportunity. The company, a leader in the sector of recyclable products, operates in a European market characterized by constant growth in food packaging.
We are thrilled to support the Marin family and talented management in their strategic goals of geographic expansion, customer acquisition, product innovation and further breakthroughs."
Maura delle Case