Tubettificio Favia announces strategic merger with Perfektüp
Presenting the merger between Tubettificio Favia and Perfektüp with the owner's statements. A new perspective of international consolidation that opens up new opportunities.
We are pleased to finally be able to announce great news, which marks an important change in our company history: the Turkish company Perfektüp, one of the most important packaging companies in the EMEA area, on 5th April 2022 acquired 100% of the shares of Tubettificio Favia. A decisive turning point, which opens a new perspective of international consolidation.
A partner of high strategic value for the international market.
Perfektüp has been in the European market for more than 65 years and has grown steadily from a local company to a leading manufacturer of aluminium tubes, laminate tubes and spray cans. It has three operating plants in Turkey and one under construction, and 10 years ago the company opened a further plant in Bulgaria. Perfektüp has a total of 460 employees and a turnover of almost 50 million euros.
The Turkish company is part of the Bell Holding group, which is currently investing in Italy to expand its network. Bell Holding is owned by the Italian Manzini family, who started out in Turkey and created a company recognised throughout Europe in the provision of packaging solutions and business services with over 100 million Euros in turnover, more than 1,000 employees and 11 production units in Turkey and Europe. The most important international and multinational FMCG corporations have chosen Bell Holding as their main solution partner for the supply of a variety of packaging materials: aluminium tubes and cans, laminated tubes, plastic bottles and containers as well as caps and closures for a wide range of sectors: personal care, oral care, food, pharmaceuticals.
A new path that starts from common values.
Tubettificio Favia and Perfektüp share the constant attention to the needs and requirements of their customers, in any reference market, with a particular focus on Operational Excellence and the compliance criteria required by each industry.
The two companies also share the same vision on a topic of primary importance for the packaging world: eco-sustainability.
Tubettificio Favia has been involved for years on this front, in particular through three levels: the membership in Consorzio Cial, a national non-profit consortium that recovers and recycles aluminum packaging; the creation of public awareness campaigns, such as the 8 rules of conscious packaging; the search for innovative solutions such as ToBeNaturAL, the aluminum tube with compostable cap.
Perfektüp is committed to apply eco-sustainability principles by favoring recycled materials and through virtuous production processes, capable of reducing energy consumption and environmental emissions. Like the other companies of Bell Holding, it has signed up to the Ellen McArthur Foundation’s New Plastic Economy Global Commitment , for the application of circular economy principles in Packaging.
As the protagonist of this change, Renato Favia, CEO of Tubettificio Favia, says: “Tubettificio Favia has my family’s name and it will keep it, as a testimony of the journey that started with my grandfather. For me, it was essential to find not a simple investor, but a partner able to share our values and continue along the same path. This research took time and energy, but eventually gave its results. I can say that with the arrival of Perfektüp, a new chapter opens in the book written so far. I am sure this new phase will reserve an interesting development for everyone, inside and outside the company. “
Livio Manzini, Bell Holding chairman, states: “The integration of Tubettificio Favia into our group has its own clear industrial logic, but it also has a sentimental component as far as I am concerned . My great-grandfather emigrated from Italy in the early 1900’s and settled in Turkey, so I represent the third generation of my family that was born abroad. With this investment, I am happy and proud to have been the one to bring this journey to a full circle. I would like to thank Mr. Favia for how he has always defended the name of his company thanks to cautious investments, attention to quality and customer service. This manufacturing plant will become the center for the further development of our group, not only in Italy but in the European Union: we are aware of our responsibility in making it grow and thereby ensure its continuity.”
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