The Lumson Group, a specialist in the design and production of primary containers for the personal care industry, has sold all its shares in Marino Belotti, a company specializing in the production of compact cases and other powder boxes for high-end make-up brands, which he acquired in 2019. With this operation, Lumson aims to realign its operations on skincare, a category with stronger growth prospects, according to the company’s President, Matteo Moretti.
The Lumson Group has sold its entire majority stake in Marino Belotti to the Italian private equity fund Alcedo SGR. Based in Chiuduno, near Bergamo, Marino Belotti is a historical designer and manufacturer of premium primary packaging solutions for cosmetic powders. Maria Teresa Belotti, Marino Belotti’s current CEO, and Alfredo Gavazzeni, Head of Operations, retain a minority share as well as their operational roles. In 2023, Marino Belotti achieved a turnover of approximately EUR 14 million with a selected base of around fifty customers.
This transaction enables Lumson to concentrate its resources on skincare packaging, its core business. “The sale of Marino Belotti is consistent with our strategy and our role as producer of primary packaging for the skincare sector, enabling us to further strengthen the Group’s financial capacity and allowing us to continue our growth trajectory and seize development opportunities in our core business,” commented Matteo Moretti, President of Lumson.
The company is convinced that the skincare market is on a long-term growth trajectory. “Therefore, we decided not only to maintain our position in this segment but to strengthen it, obviously without losing sight of the makeup sector, for which we produce high-quality packaging for lipsticks, foundations, and other products that we are currently working on,” said Moretti.
Strengthened financial capacities
Furthermore, with this operation, Lumson strengthens its financial capacity after the exit of the FSI fund at the end of 2022.
A key player in primary packaging solutions for skincare products (particularly airless systems, dispensing systems, glass bottles, plastic bottles, and lipsticks), Lumson boasts five operational sites in Italy, branches in France, the United States, Spain, Germany, and Poland, over 600 employees, and records a consolidated turnover exceeding 140 million euros.
“The post-deal financial leverage that positions us to seize any potential development opportunities in our primary cosmetic packaging sector, with particular specialization in liquid formulations,” highlighted Matteo Moretti.
In addition to potential acquisitions, Lumson intends to continue its investments in the development of sustainable packaging solutions.
“At the upcoming trade shows, we are going to present new solutions centred on sustainability, a cornerstone of our company that inspires all of our products. We believe that every innovation or technological upgrade must come with strong environmental awareness of its impact and a sense of responsibility towards the area where we operate,” concluded Moretti.
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