AXA takes Bruni stake

摘要

AXA Private Equity, the leading European diversified private equity firm, has announced that it has agreed to acquire a majority 70% stake in Bruni Glass, a European leader in the field of special glass containers for spirits, food, pharmaceutical products and related accessories. Alongside AXA Private Equity, the founding members and the management of Bruni Glass took part in the deal with a total stake of 30%. Bruni Glass, founded in 1974, has been a market leader in glass containers for wine, champagne, food and pharmaceutical products for over 35 years, with a particular expertise in speciality products, often developed to meet a customer's specific requirements. The Group is well known forthe provision of bottles for spirits in high-end markets. Bruni's target markets are Italy and all Western economies, with a particular focus on North America. The Group offers more than 3,000 products, which firmly establishes Bruni as a benchmark business for the industry. In 2011, the Group had a turnover of more than 108 million, with almost 60% of its sales abroad. Further, Bruni has grown by 16% in the last two years.