Guala Closures Acquires Remaining 30% Stake in Polish Subsidiary DGS
Guala Closures has announced the acquisition of the remaining 30% stake in Guala Closures DGS Poland (DGS), one of the world’s largest producers of aluminum closures for spirits, wine, and non-alcoholic beverages. This acquisition allows Guala Closures to fully integrate DGS, which produces approximately 4 billion aluminum closures annually.
Founded in 1991 by a consortium led by Krzysztof Grzadziel, Guala Closures initially acquired a 70% stake in DGS in 2011. At that time, DGS had revenues of approximately €50 million. By 2023, DGS’s revenues had grown significantly, reaching €126 million. Grzadziel will continue as Chairman of the Management Board, supporting the integration and future succession plan, before transitioning to a non-executive Supervisory Board role after 12 months.
The acquisition streamlines Guala Closures’ structure and provides full and direct access to DGS, a highly cash-generative business. Gabriele Del Torchio, Chairman of Guala Closures, stated, “The aim of this buy-back is to consolidate our leadership and presence in the production of aluminum closures. We are grateful for the partnership and contributions of Krzysztof throughout our journey together, growing the business from approximately €50 million to €126 million of revenues.”
Mauro Caneschi, CEO of Guala Closures, added, “As we continue to pursue our ambitious growth agenda, the decision to purchase the 30% stake from our minority partner perfectly aligns with our long-term strategic objectives.”
Krzysztof Grzadziel, Chairman of the Management Board of Guala Closures DGS, expressed his confidence in the company’s future, saying, “Over the last 30 years, I have built a large and very effective company capable of satisfying the highest possible requirements from all our international markets and customers. I believe that DGS will continue to deliver accelerated and sustainable growth over the coming years. It is both my conviction and hope.”
