Italian package printing group Nuceria has joined forces with All4Labels to boost the group’s global reach. Through the merger with Nuceria, so the report says, the All4Labels Group will realize a total turnover exceeding EUR 500 million from 29 production facilities across the globe.
Adrian Tippenhauer, co-CEO, All4Labels Group, commented: “This new combination marks another milestone in the success story of both All4Labels and Nuceria. Nuceria is an outstanding company. Through its innovative and customer-focused approach the Iannone family has managed to significantly outperform the market over the last decades, growing above 10% year-on-year.”
According to L&L, in order to guarantee business continuity, the Iannone family will remain in charge of the group’s activities in Italy, and will additionally take over responsibilities in the wider group.
Guido Iannone, general manager of Nuceria Group, will become a member of the All4Labels global management board and will take over responsibility for one of the global sales business units.
The post-merger global integration process will start at the beginning of July and will last for six months.
(Source: Labels & Labeling)
Headquartered in Hamburg, Germany, in 2016 the All4Labels Group was formed by the merger of three companies, former Baumgarten-, Rako- and X-label Group – more details about the merger find in this post.