29 July 2022Place:
Founded in 1958, the Tuscany based group, consisting of OBI, IAB and SCAF, over the years became a leading player in the engineering and production of metal accessories (brass, zamak, silver, aluminum) for luxury, with particular focus on leather goods, jewelry and clothing. The three companies, controlled by GLB Holding and led by the Boncompagni family, represent a unique player in the metal accessories sector, operating with complementary technologies, ranging from investment casting and die casting up to molding and galvanizing processes.
With 3 production facilities located in the Tuscan fashion district (Florence, Cambi Bisenzio and Scandicci), the Group serves the major world players in the luxury sector, thanks to its distinctive know-how and cSonsiderable engineering skills (over 30 people in R&D ). Customers include the most prestigious luxury brands such as Gucci, LVMH, Hermes, YSL, Balenciaga, Bottega Veneta, Prada, D&G, Dior, etc.
In 2021 the Group achieved revenues of approximately € 33 million (+40% vs. 2020) and also in 2022 the growth is recording further progress with revenues at H1 at + 35% (vs. H1 2021), confirming the trend that allowed the Group to grow from € 20 million in revenues in 2015 to over € 40 million expected in 2022. About 75% of the Group's revenues are generated in Italy, followed by France (15%) and Spain (10) %.
White Bridge Investments (WBI) recently completed the acquisition of Lampa, a Bergamo-based company specializing in the production of plastic, resin and nylon accessories. With the acquisition of GLB and its subsidiaries OBI, IAB and SCAF, WBI continues with the creation of the Italian leader in the sector through the aggregation of excellent suppliers to meet the needs of fashion and luxury brands. The objective is to ensure a high level of service, especially in terms of responsiveness and delivery.
The sale process, assisting the Boncompagni family, was run by CP Advisors, led by Salvo Mazzotta and Marco Garro, and coordinated in the transaction by the director Giovanni Nucera.
Luca Boncompagni, shareholder and current CEO of OBI, will invest in the project with a minority position and will retain the strategic and operational lead of the metal accessories business.
Mirko and Luca Bertoli, Managing Directors of Lampa, commented: “The GLB Group is a benchmark in the sector of fashion accessories. This partnership will allow the Group to expand its offer, combining metal accessories with plastic and resin accessories. We believe that achievable synergies between companies are significant. This transaction represents a further step towards the creation of a one-stop-shop able to best satisfy the needs of our customers."
Luca Boncompagni, CEO of the GLB Group added: “Thanks to the perfect complementarity of our products, Lampa is the ideal partner to support us in a new period of strong growth. This transaction will allow us to invest more resources on the development of our companies and to continue to innovate in a sector in continue evolution. I have full confidence in the potential growth of the Group, which wants to continue to be the promoter of certain creative paths for the research of the beauty, establishing more and more as a strategic partner of luxury brands. "
Commenting on the transaction, Salvo Mazzotta, Managing Partner of CP Advisors stated: "We are pleased to have assisted the Boncompagni family in the process of enhancing their shareholding value in GLB and in their investment into a strategic project aimed at the creation, together with Lampa, of a leading group in the luxury accessories sector. OBI, IAB and SCAF are unique excellent players in the sector and together with Lampa and under the visionary guidance of the White Bridge Investments’ team, the group represents a distinctive platform which will allow other complementary companies to join and accelerate the growth of the business domestically and internationally”