Livingstone acted as exclusive financial advisor to Marino Belotti S.r.l. (”Marino Belotti”), a specialist in the production of compact cases for the cosmetics industry, in its sale to Lumson S.p.A. (”Lumson”), a leading Italian provider of primary packaging solutions for the beauty and personal care sectors, supported by Fondo Strategico Italiano, one of Italy’s leading private equity investors.
Founded in 1979 in Chiuduno (Bergamo), Marino Belotti has built a strong reputation in the cosmetic packaging market, with a focus on high-precision compact cases (e.g., trousses) for top-tier brands across both the prestige and masstige segments. In 2018, the company reported revenues of approximately €16 million and an EBITDA margin exceeding 20%. Thanks to decades of industry experience, the company is recognized for its excellence in design, engineering, and innovation.
Lumson, backed by Fondo Strategico Italiano as a minority investor, is a key player in the European cosmetic packaging sector. In 2018, the group generated revenues in excess of € 90 million.
This transaction allows Lumson to further consolidate its market leadership, diversify its product portfolio, and enhance its value proposition in integrated cosmetic solutions. For Marino Belotti, the acquisition provides access to greater financial resources, an enhanced managerial structure, and expanded commercial opportunities.
“We are pleased to have supported the Belotti family in identifying the ideal industrial partner through a competitive process designed to maximize strategic value,” said Luca Maccagnani Castelli, Managing Partner at Livingstone.
Maria Teresa Belotti, CEO of Marino Belotti, commented: “Lumson is the ideal partner for Marino Belotti to continue its growth journey. The industrial project is exciting, and we are thrilled to be a part of it.”
This deal exemplifies Livingstone’s expertise in structuring high-impact industrial integration transactions, also in the Packaging and Beauty sectors.
