GCA Altium advises Archimede on its sale to Lomb Art
Archimede is a leading Italian manufacturer of exhibition and advertising products, providing a wide range of tailor-made solutions such as counter displays, window displays, banners and plaques to top tier Italian and international customers operating in different industries such as eyewear, retail and jewelry. Archimede has demonstrated strong growth, delivering sales and EBITDA CAGR above industry average over the last three years, leveraging its comprehensive products portfolio and long term relationship with key customers.
By acquiring the majority stake of Archimede, Lomb Art, a Swiss manufacturer of point-of-purchase displays and distributor of packaging products mainly for the watch and jewelry industries, will further strengthen its leading position worldwide.
Daniel Bortolamei, Archimede’s shareholder, said: “I am delighted that Archimede is now part of Lomb Art Group. I am convinced that this deal will generate strong synergies and growth opportunities.”
Stefan Duerr, CEO Lomb Art, added: “Archimede allows Lomb Art to access new industries and the Italian market and to pursue short life business with Archimede’s excellent manufacturing site in Italy. This bolt on acquisition will further accelerate Lomb Art’s successful growth in the following years.”
“Alessandro Soprano, Managing Director of GCA Altium, led an international sale process demonstrating the strong global reach of GCA Altium and their effectiveness in managing complex transactions,” added Daniel Bortolamei.
This deal underlines GCA Altium’s strong position in the Industrials sector, having completed 17 transactions within the last two years.