In 1999, CVC Funds completed the acquisition of the SIAT Group is one of Italy’s leading players in the packaging industry, manufacturing and selling over 11,000 packaging machines and related products and accessories each year.
SIAT was founded in 1972. Today, the company’s products are sold in over 65 countries throughout the world thanks to a network of exclusive distributors. These products include case sealers, self adhesive taping units, wrapping machinery, flexographic printing and stretchable film dispensers.
The original investment rationale saw CVC aim to strengthen SIAT’s position in the US and Europe. In 2000, SIAT was subject to a trade sale.