Italy-based closures manufacturer Tapì Group has agreed to acquire 80% stake in T&G, continuing its international expansion.
T&G distributes and markets Tapì closures in Germany, Switzerland, Poland, Austria and The Netherlands. The company also supplies bottle caps and labels to its customers.
T&G founder and managing director Mario Conoscenti will hold the remaining 20% stake and will continue to manage the company.
After the completion of Tapì Argentina acquisition in October 2017, Tapì focused on expanding operations in the Central European markets to advance its position as a multinational group in the design, production and distribution of closures for the beverage market.
Tapì Group CEO Roberto Casini said: “The acquisition of T&G is another piece of Group strategic plan that falls into place. Through this transaction, we continue along our journey towards the strengthening of the leadership positioning in the premium and super premium beverage closures niche.”
T&G CEO Mario Conoscenti said: “I’m happy to keep developing the company I founded back in 2011 while supporting the Group development on Central European markets that show very interesting opportunities in the spirits as well as in the beer segments.”
Owned by Wise SGR, Tapì provides high-end technological closures for the spirits, wine, condiments, cosmetics and beer sectors.
With around over 400 employees, Tapì supplies its solutions to over 3,000 customers in more than 60 countries.
The company has consolidated its global presence with a series of sales offices, R&D facilities and distributors.