KKR invests in Italian packaging machinery manufacturer

17 November 2020 (Last Updated November 17th, 2020 15:34)

American private equity firm KKR has made an undisclosed investment in CMC Machinery, an Italian packaging machinery manufacturer.

American private equity firm KKR has made an undisclosed investment in CMC Machinery, an Italian packaging machinery manufacturer.

Headquartered in Città di Castello, CMC Machinery specialises in providing advanced e-commerce 3D on-demand packaging.

The company leverages end-of-line technology that minimises the consumption of packaging materials. It employs a team of approximately 200 based in the Umbria region.

CMC Machinery founder, president and strategic business development director Giuseppe Ponti said: “With KKR’s support, we are excited to continue on our journey, expanding our operations which will remain firmly rooted in the Umbria region to address an increasingly global market with sustainable packaging solutions.”

For KKR, the latest investment is the fourth in Europe through its KKR Global Impact Fund.

Previously, it invested in MasterD, Spain, The Citation Group in the UK, and recycling company Viridor in the UK.

KKR director and EMEA Global Impact head Stanislas de Joussineau said: “CMC Machinery’s market-leading innovation in sustainable packaging aligns well with the objectives of KKR’s mission to invest in companies that are providing solutions to critical challenges.

‘’We are excited to have the opportunity to work closely with the Ponti family on this important endeavor to drive innovation and promote sustainability across the global retail sector, particularly at this critical time for the industry as retailers increasingly seek to minimise their impact on the environment.”

There will be no changes in the management following this investment as Ponti family will continue to lead the company.

Founder Giuseppe Ponti’s sons, Francesco will serve as CEO, while and Lorenzo Ponti will remain as COO.