Tapì, which is backed by Wise Equity SGR, has acquired Les Bouchages Delage, a French elite manufacturer. No financial terms were disclosed.
Massanzago (PD) and Gensac-la-Pallue (Cognac), May the 17th 2019 – Following the acquisitions of Tapì Argentina and T&G, Tapì enhances its presence on the luxury closures market by acquiring the French elite manufacturer Les Bouchages Delage. The newly constituted group further strengthens its positioning as Global Leader in the design, production and distribution of closures for the premium and super premium segments of the spirits market.
Tapi, backed by Wise Equity SGR through Wisequity IV fund, entered today into a binding agreement for the purchase of 100% of the share capital of Les Bouchages Delage, French manufacturer of “T” shaped closures with leading position in the luxury segment. The transaction is expected to close before the end of May 2019.
Les Bouchages Delage’s former shareholders will reinvest part of the proceeds in Tapì, enter into Tapi Board of Directors and keep their managerial roles within the company in order to actively contribute to the development of the Group.
This transaction allows the Group Tapi – Delage to be the undisputed leader in the premium, super premium and luxury segments of the stoppers for spirits market niche, posting pro-forma revenues in the range of €80m.
Christian Delage, CEO of Les Bouchages Delage, said: “We are really happy to undertake this new development phase with Tapì and to give a new dimension to Les Bouchages Delage. Our family, who will continue its contribution to the group development, is proud to partner with Tapi. We will then pursue an entrepreneurial story, which begun 78 years ago, with Tapì as a platform to foster the growth of Les Bouchages Delage, enabling it to leverage its full potential especially on the international markets”.
Roberto Casini, Tapì Group CEO, said: “The combination with Les Bouchages Delage is a key step in the direction of strengthening the positioning of the group in its reference markets. Through this transaction we are not only enhancing the group in itself, but we are also creating value for our customers. Tapi and Les Bouchages Delage together will better serve their clients, allowing them to interact with a global supplier, with unmatched creativity and with strong expertise on a broader range of materials and technologies”.
Stefano Ghetti, Wise Equity Senior Partner, who followed the transaction with Marco Mancuso, Investment Manager, said: “This transaction is a milestone in the development of the group that is now positioned as the global champion within its market niche. The two companies have a perfect fit and we believe the group has strong foundations to keep growing and further enhancing its positioning also through other add-on acquisitions in particular in the eastern part of the world”.