ILPRA GROUP: SIGNED BINDING AGREEMENT TO ACQUIRE 90% OF GELMINI S.R.L., BASED IN PARMA

Mortara (PV), 16 June 2025 – ILPRA Group has officially signed a binding agreement to acquire 90% of the share capital of Gelmini S.r.l., a Parma-based company specializing in machinery for the processing and packaging of aged and semi-aged cheeses.

Founded in 1978, Gelmini S.r.l. has established itself as a niche leader in the dairy sector, with 2024 revenues of €6.1 million. The acquisition, valued at €2.7 million in cash plus a potential earn-out of €1.35 million over three years, marks a significant milestone in ILPRA’s growth strategy.

“This acquisition is strategic for the ILPRA Group,” said Maurizio Bertocco, Chairman and CEO of ILPRA. “It enables us to unlock important production synergies and strengthen our presence in the food packaging segment.”

The transaction involves the purchase of 78% of Gelmini from Futura Holding S.r.l. and 12% from Mr. Gaspari Vittorio. Marco Mantovani, Chairman of Futura Holding, will serve as Chairman and CEO of Gelmini until the end of 2025, ensuring continuity and leadership during the integration phase.

The closing is expected by the end of July 2025.

With this acquisition, ILPRA continues to expand its technological capabilities and reinforce its position as a global leader in packaging solutions for the food, cosmetic, and medical sectors. The Group now counts over 20,000 machines sold, 371 employees, and a presence in 9 countries, with 64% of its revenue generated abroad.