Sisma looks to the future with a new corporate structure and important business revival and development plans

04/07/2020

"Greater capital solidity and the availability of new resources will allow us to look to the future with a greater peace of mind."

With these words, Alessandro Lotti communicates the goal of the new corporate structure of Sisma S.p.A., historic company, founded in 1965 and leader in Italy for the production and distribution of house care, personal hygiene and food care products.

With its headquarter in Mantua, Sisma operates in three production plants located in Lombardy with a total production capacity of 21 million tons of cotton per year, and has its logistics plant in Mantua itself.

The agreement concluded with Clessidra Restructuring Fund (alternative investment fund promoted by Clessidra SGR) and Magnetar Capital (an American fund operating from London), provides for their entry into the company's share capital. The entry into Sisma's shareholder base is part of a broad plan of relaunch and development of the company for which the introduction of new financial resources is envisaged.

Alessandro Lotti, CEO of Sisma, adds:

“Thanks to the new shareholding structure, the Company will be able to accelerate its growth and enhance its historic brands. Considering the current Italian and international context, the new board of directors of Sisma has deemed it appropriate to donate a part of the emoluments in support of Lombard hospitals and, thanks to financial resources just made available by the new shareholders, accelerate the investments plan for the partial reconversion of the plants of Mantua and Bollate to produce disposable individual protection masks in pure waterproofed cotton and cotton swabs necessary for the specimen collection.

I would also like to thank those who believed in our company: employees, trade unions, institutions, customers and suppliers; I strongly believe that in the short term we can work together to achieve ambitious development plans. "