Nutrilinea is investing in Claire by focusing on aerosol technology

Nutrilinea is investing in Claire by focusing on aerosol technology

Nutrilinea is acquiring Claire, continuing its project of building a center of excellence in the food supplements sector

 

Milan, July 22, 2019 – Nutrilinea, a leading company in the food supplement market, is announcing its entry into Claire’s corporate structure.

The operation will allow Nutrilinea to consolidate its leadership further and continue its project of creating a center of excellence in the food supplements sector. Nutrilinea’s entry will support Claire in the process of strengthening its presence in the medical devices market, strengthening productive and organizational structure and promoting product innovation.

Founded in 1997, Claire is engaged in the production of cosmetics, sprays and medical devices for the cosmetics and nutraceutical markets on behalf of third parties, supporting its customers through the development of product formulations. In recent years, the Company has made significant investments in aerosol technology and in the construction of a clean room dedicated to the production of medical devices.

The management team, which has successfully led the company to achieve a significant role in the Italian cosmetic and nutraceutical market for third parties, will maintain their roles and will be integrated into the Nutrilinea management team, led by CEO Maurizio Castorina.

Giovanni Baldon and Maurizio Perazzolo, Claire administrators, commented: “The affiliation with the Nutrilinea Group represents a unique opportunity for Claire to develop medical devices further with aerosol technology. Nutrilinea’s deep knowledge of the market and consolidated experience will allow us to strengthen partnerships with customers, continuing to focus on technological innovation and high quality products.”

Maurizio Castorina, CEO of Nutrilinea, added: “In a market with high long-term growth prospects, Claire is an organization that stands out in the Italian landscape in offering innovative solutions (i.e. the Bag on Valve spray technology). Nutrilinea’s entry into Claire’s corporate structure represents an interesting opportunity to enrich our offer by entering the aerosol market. Our goal is to continue with Claire’s growth path, making the most of what Claire’s founders already created and encouraging management’s positive drive to develop more production technologies and create new products.”

The Giovannelli and Associates Law Firm with attorneys Matteo Delucchi, Beatrice Riva, and Matteo Bruni guided Nutrilinea in this operation, while Marco Bastasin and Luca Bosco from Deloitte handled the financial and tax due diligence.

Claire’s partners were assisted by the Lexhub law firm with Marco De Nadai, the Castelli firm with Maurizio Castelli and Strategya with Alessandro Vangelista for tax and accounting aspects and by Fausto Rinallo, Giorgio Carere and Nicoletta Rabiolo of Ethica Corporate Finance in the capacity of financial advisor.