IDeA Taste of Italy has sold its 35% stake in Wisecap Group to a European investment office, aiming to drive further growth and international expansion while maintaining management continuity through the Delfanti family.

Target Information

IDeA Taste of Italy has divested its 35% stake in the Wisecap Group, a leading European manufacturer of closure systems predominantly in the beverage sector. Since its inception in 1977 in Piacenza, Wisecap has established itself as a key player, operating five manufacturing facilities in Italy, Spain, Poland, and the Czech Republic, and producing over 13 billion closures annually for both local and multinational bottlers. The company is renowned for its commitment to service excellence and innovation.

Under the investment of IDeA Taste of Italy, made in March 2017, Wisecap has experienced significant growth, increasing its revenue from €40 million to over €100 million. This impressive growth trajectory is attributed to the development of new product lines such as 'extralight' closures, premium aluminum closures for glass water bottles, and 'tethered' closures compliant with EU regulations. Furthermore, strategic contracts with major beverage multinationals and two acquisitions in Spain and Poland have also contributed to Wisecap's success, with international sales now accounting for more than half of the company’s revenue.

Industry Overview

The beverage closure systems industry in Europe is characterized by a diverse demand driven by the increasing consumption of bottled water and soft drinks. As consumer awareness regarding packaging sustainability rises, manufactu