The Corvaglia Group, founded in 1991 and headquartered in Eschlikon (Switzerland), is a globally recognized provider of innovative closure solutions for plastic packaging, in particular plastic closures for the food and beverage industry.
Wisecap, founded in 1977 and based in Piacenza, Italy, operates six production plants across Italy, Spain, the Czech Republic, Poland, and Egypt.
The transaction comprehends the sale of Corvaglia Closures Eschlikon AG and the integration of its manufacturing activities into the European production network of Wisecap, as well as a minority investment by Corvaglia Holding AG into Wisecap.
A team of CMS Switzerland lead by partner Stephan Werlen (Corporate / M&A) advised Corvaglia Holding AG on the legal aspects of the transaction. The team consisted of Alexander Salamon (Associate) and Maximilian Hauser (Associate, both Corporate / M&A), Marquard Christen (Partner, Competition), Dirk Spacek (Partner, IP/IT), and Miryam Meile (Senior Associate, Employment).
