Guala Closures S.p.A. along with Cortapedra S.R.L. reached an agreement to acquire Labrenta Srl from Cortapedra S.R.L. and others on July 6, 2022. The first instalment of the price for an amount of €14.6 million was paid through available cash. Labrenta Srl achieved a turnover of approximately €22 million, with an EBITDA of €3.5 million.

Labrenta's current shareholders (Gianni and Amerigo Tagliapietra – CEO and VP Business Development, respectively) will reinvest in Guala Closures and will take on important managerial roles with regards to the group's luxury closures segment. The transaction is expected to complete during the fourth quarter of 2022.