Swiss coatings group Berlac acquires Italy's Vernici Caldart

What's the deal? Swiss surface-solutions group BerlacDealroom has a profile for this one. Try Dealroom → has acquired Vernici CaldartDealroom has a profile for this one. Try Dealroom →, an Italian maker of industrial coatings, special finishes, and dyeing systems. Berlac bought the company from private equity fund Itago IVDealroom has a profile for this one. Try Dealroom →, managed by Itago SGRDealroom has a profile for this one. Try Dealroom →. The deal value was undisclosed.

What each side brings: Berlac develops special and effect coatings and industrial printing inks for sectors including automotive, medical, watchmaking, jewellery, and sports. Vernici Caldart serves cosmetic packaging, eyewear, and other industrial markets from plants in Bellusco and Pojana Maggiore.

By the numbers: Vernici Caldart reports turnover of roughly €35 million and an EBITDA margin above 20% of revenue. Itago took a majority stake in the manufacturer in May 2024, then doubled the Pojana Maggiore plant's capacity and folded in Atlantic Industria VerniciDealroom has a profile for this one. Try Dealroom →, a coatings maker founded in 1946.

What's the endgame? The two companies plan to combine their portfolios, technical skills, and international reach. For beauty packaging specifically, the deal pairs Vernici Caldart's coatings expertise with Berlac's decorative and functional surface finishes.

The signal: The acquisition marks another exit by a private equity owner into a strategic buyer, consolidating specialty coatings capacity across Europe. For Berlac, it widens its footprint in high-value niches — from cosmetics to eyewear — where surface finish drives product differentiation.

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