Lorenzo Bacciardi, LL.M., head of Corporate M&A Area, and senior associate Pier Federico Orciari assisted TREGI Holding and target company TVS SPA – a historic and renowned “Made In Italy” brand in the cooking tools area – in the sale of a majority stake to Meyer Corporation, one of the US and world leaders in cookware and kitchenware field.
The acquisition took place as part of a complex operation whereby Meyer Corporation increased its network of global affiliates and became the owner of the majority stake in the prestigious Italian company TVS SPA, controlled by the holding company TREGI, leader in the production and marketing of cooking systems.
The operation consisted of a series of interventions aimed at preparing the corporate and financial conditions for the acquisition and defining the post-acquisition organization of the target company TVS SPA with reference to its management and operations.
TVS SPA, founded in 1968 and located in Fermignano (PU), with about 300 employees, to which must be added the employees of the induced activities, and a consolidated turnover of 90 million Euro at the end of 2019, is led by Cavaliere del Lavoro Gastone Bertozzini, Chairman, and Giuseppe Alberto Bertozzini, Managing Director.
“We are very satisfied with the agreement reached with the MEYER Group” commented Gastone Bertozzini, Chairman of TVS SPA “which represents a fundamental step in the strategic path of our company and opens a new phase of development for the consolidation of the TVS brand on international markets“.
The M&A transaction was covered by sector press.
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