Amundi SGR, NRC Capital, and Azimut acquire Alimac global leader in sustainable packaging solutions

PRESS RELEASE

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“Amundi SGR, NRC Capital, and Azimut acquire Alimac global leader in sustainable packaging solutions”

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Milan, August 1, 2025 — A consortium of institutional investors, including Amundi SGR and NRC Capital Partners, with preferred equity support from the Azimut Group (YHOX II, with Electa as strategic advisor), has acquired a majority stake in the Alimac Group (“Alimac” or the “Group”), a global leader in sustainable packaging solutions. At the same time, Metrika has reinvested in the transaction as a minority shareholder, supporting the company’s strategic and operational continuity.

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Founded in 1990 in Gerenzano (VA), Alimac is a global leader in the production and marketing of self-adhesive carry handles for packaging and stands out for its integrated approach to sustainable packaging. Operating in over 90 countries and active in the Food & Beverage, Tissues & Hygiene, and Detergents sectors, the Group serves top-tier multinational clients through its two production plants in Italy and Germany, as well as commercial offices in Spain, the Netherlands, and Dubai.

Thanks to the integration of its production processes and its in-house research and development department, the Alimac Group has developed products with a strong focus on sustainability, reducing packaging volume and the amount of plastic released into the environment—aligned with market demand and the European decarbonization goals set out in the new Packaging and Packaging Waste Regulation (PPWR). The Alimac Group holds ISCC (International Sustainability and Carbon Certification), ISO 9001, and Plastica Seconda Vita certifications, and has recently received technology approval from Recyclass and the Bronze standard from EcoVadis.

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This transaction marks the beginning of a new phase for Alimac, which will benefit from a solid shareholder base and a shared industrial plan built on three key pillars:

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• International expansion and strengthening of the distribution chain, continuing with acquisitions already made (NRG Tapes, Alimac Iberia)

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• Enhancement of profitability and industrial performance, in line with operational excellence targets

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• Growth through external lines, by acquiring companies synergistic with the Group to expand the product portfolio and technological solutions

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Marco Fantoni, CEO of the Alimac Group, commented: “In less than three years, Metrika transformed Alimac from a niche artisan business into a leading industrial player, with outstanding financial and operational performance and a highly professional management team. This transaction is a decisive step toward building an integrated, global industrial platform. With the support of the new investors, Alimac can accelerate in M&A and internationalization.”

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Pierre Henri Carles, Head of Alternative & Real Assets at Amundi SGR, stated: “Identifying Italian product-leading, innovative companies with international development potential in which to invest and support growth is our core business.”

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Niccolò Colussi, CEO and Founder of NRC Capital Partners, said: “We are proud to contribute to Alimac’s next phase of growth—an Italian industrial company with a global footprint and strong commitment to sustainability. This deal perfectly reflects our philosophy: to invest alongside entrepreneurs and managers capable of creating real value, supporting them with capital, expertise, and strategic vision. The shared ambition is to build an international leader in sustainable packaging, leveraging innovation, industrial capabilities, and sector consolidation.”

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The Metrika team added: “We are excited to continue our industrial commitment to Alimac with a new investor base, with whom we share a long-term vision and the ambition to build an international champion in sustainable packaging.”

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The transaction was led by the Metrika team, including Nicola Pietralunga, Marco Giuseppini, and Gabriele Giustino.

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Metrika was advised on legal and contractual aspects by Ascanio Cibrario, Edoardo Augusto Bononi, Lucio Caruso, Giorgia Patrizi, and Yassine Baba Khouya from the law firm PedersoliGattai; on tax matters by Emanuele Gnugnoli and Tommaso Sacchi of Poggi & Associati; and on accounting matters by Enrico Silva and Andrea Di Bella of EY. Vitale, with a team including Alberto Gennarini, Riccardo Martinelli, Goffredo Guizzardi, Francesco Garbin, and Ludovica Iervolino, supported Metrika as M&A advisor.

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The transaction was financed by Banco BPM S.p.A., with a team composed of Federico Born and Andrea Altomare, by illimity SGR S.p.A. through the illimity Selective Credit fund, and by Amundi SGR S.p.A. on behalf of the Amundi Eltif AgrItaly PIR III fund, with a team comprising Marco Bigliardi, Alessandro Battistel, and Simone Schipani.

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Banco BPM was assisted by the law firm Chiomenti with a team consisting of Davide D’Affronto and Francesco Burla. Illimity and Amundi were assisted by Gatti Pavesi Bianchi Ludovici with a team including Marc-Alexandre Courtejoie and Riccardo Barreca.

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Amundi is the leading asset manager in Europe and among the top 10 worldwide. It offers its 100 million clients—retail, institutional, and corporate—a full range of active and passive investment solutions in both traditional and real assets, further enriched by IT tools and services covering the entire savings value chain. A subsidiary of the Crédit Agricole Group, Amundi is listed on the stock exchange and manages nearly €2.3 trillion in assets. Clients can rely on the expertise and advice of 5,500 professionals in 35 countries. www.amundi.com

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NRC Capital Partners is a specialist direct investment firm with an innovative dealby-deal model that makes investments accessible and flexible for a community of active investors. Founded by a team with international experience and a strong track record in consulting, finance, and industry, NRC promotes a collaborative ecosystem that supports the growth of the Italian entrepreneurial system by enabling highpotential transactions with a tailored, transparent, and value-driven approach.

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Metrika SGR S.p.A. is an authorized Private Equity Fund Manager. The Metrika Fund’s investment strategy focuses on acquiring majority or qualified minority stakes in Italian companies (with possible opportunistic extension to adjacent European markets) with revenues between €20 and €100 million, good operating profitability, and a solid financial structure. metrikasgr.com

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The Alimac Group is the world leader in the production and marketing of selfadhesive carry handles, with five global offices located in Italy, Spain, Germany, the Netherlands, and Dubai. Thanks to its distinctive and recognized know-how, Alimac serves a client base made up of major operators and multinationals in the Food & Beverage, Tissues & Hygiene, and Detergents sectors. The Group has successfully developed products strongly focused on sustainability, reducing packaging volumes and the amount of plastic released into the environment. www.alimacgroup.com