ATIU Srl has just announced the completion of a 5 million Euro capital increase reserved for the entry of new investors in the company’s share capital. The operation is aimed at developing a new glass decoration product. ATIU Srl, formerly Xolid Srl, based in Sona (VR), is a leader in services for decorating glass and other rigid materials through a sublimation process. This process – based on research and innovation in materials and processes conducted by engineer Tito Trevisan over a period of more than 10 years – give highly distinctive aesthetic features to the outer surfaces of containers, primarily those used for packaging luxury products such as perfumes, spirits and high-end wines, ensuring that the decorated product is still fully recyclable. The resources raised through the transaction will be entirely allocated to the construction of a new plant in Verona, and to the strengthening of the company’s organisation, led by Tito Trevisan (President and Chief Innovation Officer) and Alessandro Volpato (CEO). The new shareholders, led by lead investor Luca Pretto (Pasubio Spa of Arzignano, Vicenza), include representatives of leading Italian entrepreneurial families, managers with international experience, and other retail investors capable of bringing expertise and support to the founding shareholders, who will retain the majority of the capital.
“We are satisfied with this result, which gratifies the research work carried out over the past few years as it recognises the efforts and energy put in and allows us to express ourselves at our best in a constantly evolving and highly competitive environment,” commented Tito Trevisan (photo), President and Chief Innovation Officer. Most read of the last seven days Russia, central bank cuts rates below pre-invasion level again Unicredit, Andrea Orcel redraws Italy’s front line All the Gas names, prices over 160 Euro. Turbine journey for Nord Stream 1 is a mystery Russia traps banks Turkey, central bank does not raise interest rates despite 78% inflation Read later$ CEO Alessandro Volpato added: “Now we have the opportunity to grow at a different pace. With the help of new funds, a pool of important investors and addition of new employees, we will be able to get into high gear.
While Luca Pretto, spokesman for the entrepreneurs, commented: “I am enthusiastic about the idea, the product and the target market. The ATIU team, which I have had occasion to meet, is well-prepared and very tightly knit, and I strongly believe that it can achieve results beyond our wildest expectations in only a short time.”
Banor Sim Spa assisted ATIU as exclusive financial advisor in the transaction, while the firm Orrick, Herrington & Sutcliffe (Europe) handled the legal aspects. ATIU used CrowdFundMe Spa, a crowdinvesting platform listed on Euronext Growth Milan, to finalise the transaction.
