Filca

Fineurop Soditic acted as exclusive financial advisor to Castagna-Univel S.p.A. to take over the industrial business of Filca S.p.A. (Fabbrica Italiana Lavorazione Carta ed Affini) and Fineurop Soditic acted as its exclusive financial advisor. The acquirer has agreed to first rent Filca’s business, which was put into receivership in 2010, with a commitment to buy the Company later, in order to enable the safeguard of all the employees of the Company. Since 1947 Castagna Univel has been producing materials to pack fresh food (such as salted meat, cheese and fish), deep frozen food and pre-cooked aliments. Its activity is mainly focused on printing and coupling flexible materials. The Company has a workforce of around 60 people and generated 2011 sales of approximately Euro 22 million. Founded in the province of Vercelli in 1962, FILCA is specialised in the design, processing, printing, laminating and sale of flexible packaging for food (such as snacks and chips, confectionary and ice cream). The Company generated 2011 sales of Euro 13 million.