OFFICINE MINELLI acquired by GRUPPO CARNOVALI

The Carnovali-CBS Group has acquired 100% of Officine Minelli, a leading Italian manufacturer of industrial loaders for recycling activities, as part of an industrial consolidation strategy aimed at strengthening its integrated platform of equipment and solutions for the circular economy. The transaction involves the minority reinvestment of Officine Minelli's historical management and shareholders in the acquiring group, demonstrating their commitment to supporting the next phase of development. Stefano Minelli, William Minelli, and Roberto Fiorini will retain active roles in the company's operational management, ensuring managerial continuity and preserving the expertise developed over the decades. This acquisition is a key component of Carnovali-CBS's consolidation strategy in the market for equipment dedicated to waste collection, treatment, and valorization. The integration of Officine Minelli enables the group to expand its product portfolio through the addition of industrial loaders, a complementary activity to its existing ranges of containers, compactors, detachable equipment, and specialized trailers. The two companies exhibit significant industrial, commercial, and technological synergies, allowing them to offer a more comprehensive solution to recycling operators. The newly formed entity aims to strengthen its position in the Italian market while pursuing international expansion. Expected synergies include the sharing of commercial networks, optimization of industrial capacities, expansion of service offerings, and accelerated product innovation. The transaction was financed by a banking pool comprising BCC Banca Iccrea, UniCredit, and BCC Del Garda. By acquiring Officine Minelli, Carnovali-CBS reinforces its commitment to the circular economy and solidifies its position as a leading player in the European waste management and recycling industry. The combined entity is well-positioned to capitalize on growing demand for sustainable and environmentally responsible solutions, driven by increasingly stringent regulations and evolving consumer behaviors.