{"id":66435,"date":"2026-06-23T08:00:00","date_gmt":"2026-06-23T12:00:00","guid":{"rendered":"https:\/\/livingstonepartners.com\/?post_type=transaction&#038;p=66435"},"modified":"2026-06-25T08:09:52","modified_gmt":"2026-06-25T12:09:52","slug":"livingstone-advises-on-the-acquisition-of-officine-minelli-by-carnovali-cbs-group","status":"publish","type":"transaction","link":"https:\/\/livingstonepartners.com\/en\/transaction\/livingstone-advises-on-the-acquisition-of-officine-minelli-by-carnovali-cbs-group\/","title":{"rendered":"Livingstone advises on the acquisition of Officine Minelli by Carnovali-CBS Group"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>The transaction was structured and executed by Livingstone and involved the sale of 100% of <\/strong><a target=\"_blank\" rel=\"noreferrer noopener\" href=\"https:\/\/officineminelli.it\/en\/\"><strong>Officine Minelli<\/strong><\/a><strong> to <\/strong><a target=\"_blank\" rel=\"noreferrer noopener\" href=\"https:\/\/www.carpenteriacarnovali.it\/\"><strong>Carnovali-CBS Group<\/strong><\/a><strong>, alongside the reinvestment by Officine Minelli\u2019s entrepreneurs as minority shareholders in the Group.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Founded in the 1950s and headquartered in Cazzago San Martino (Brescia), Officine Minelli specializes in the design and manufacture of material handlers for the recycling industry. Over more than seventy years of activity, the company has established itself as one of Italy\u2019s leading players in its market segment, distinguished by the quality, reliability, and high performance of its solutions.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">With 7 production facilities and more than 350 employees, Carnovali-CBS Group is today one of the most dynamic industrial players in the Italian recycling equipment and solutions market, offering a broad and diversified range of products and services, including containers, compactors, hook-lift set-ups, trailers, and many others.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The integration of Officine Minelli represents a further milestone in the Group\u2019s growth strategy. Following the acquisition, Carnovali-CBS Group will exceed \u20ac100 million in revenues, further strengthening its market leadership and expanding its ability to serve customers through an increasingly integrated and complementary product offering.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The entrepreneurs of Officine Minelli will continue to play a central role in the company\u2019s operations and future development, ensuring managerial continuity and preserving the expertise that has contributed to the company\u2019s success.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201c<em>We are joining an ambitious industrial project built on a long-term vision and strong operational and commercial complementarities. Our continued active involvement in the business reflects our commitment to carrying forward the path initiated by the Minelli brothers and successfully developed in recent years under the leadership and guidance of Francesco Minelli, while preserving the heritage of expertise, relationships, and values that has made Officine Minelli a leading player in its market. We will continue to work with the same dedication, focus on product quality, and close attention to employees, our sales network, customers, and suppliers<\/em>\u201d said <strong>Stefano Minelli<\/strong>, <strong>William Minelli<\/strong> and <strong>Roberto Fiorini<\/strong>, the <strong>entrepreneurs leading Officine Minelli<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>\u201cIn Officine Minelli we identified a high-quality and long-established company with distinctive expertise, a strong market reputation, and an industrial culture fully aligned with our Group\u2019s vision. This transaction also represents a highly strategic step in our journey to develop and strengthen, including through targeted acquisitions, an integrated industrial platform and market leader in the recycling equipment and machinery sector,<\/em>\u201d stated <strong>Ruggero Carnovali <\/strong>and<strong> Simone Bolzoni<\/strong>, <strong>shareholders of Carnovali-CBS Group<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201c<em>We are proud to have supported the integration of these two highly complementary businesses, whose significant potential and synergies we recognized from the outset. We believe that Carnovali-CBS Group is the ideal partner to support and accelerate Officine Minelli\u2019s growth trajectory, further strengthening its position in the market and enhancing its future development prospects<\/em>,\u201d said <a href=\"https:\/\/livingstonepartners.com\/en\/team-member\/luca-maccagnani-castelli\/\" rel=\"noreferrer noopener\"><strong>Luca Maccagnani Castelli<\/strong><\/a> and <a href=\"https:\/\/livingstonepartners.com\/en\/team\/umberto-rossi\" rel=\"noreferrer noopener\"><strong>Umberto Rossi<\/strong><\/a>, respectively <strong>Managing Partner<\/strong> and <strong>Partner at Livingstone<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The transaction was financed by a banking pool comprising BCC Banca Iccrea, UniCredit and BCC del Garda.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">With this transaction, Livingstone further strengthens its leadership and expertise in the circular economy sector, built through numerous transactions across waste management and related machinery and equipment markets.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Officine Minelli accelerates its growth journey through the entry of a new industrial partner, Carnovali-CBS Group.<\/p>\n","protected":false},"featured_media":66496,"template":"","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"client-type":[],"region":[],"sector":[],"service":[],"transaction-type":[],"class_list":["post-66435","transaction","type-transaction","status-publish","has-post-thumbnail","hentry"],"acf":{"team_members":[1119,1130,1147,1096],"date":"20260623","client_type":40,"type":[1111],"region":[371],"services":[434],"sectors":[637,628],"related_transactions":"","related_testimonials":"","contacts":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Livingstone advises on the acquisition of Officine Minelli by Carnovali-CBS Group - 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