TSW Industries issues a further €2 million of mini-bonds
As the final step in a €5 million issuance programme, TSW Industries (Asti), a company that designs and builds packaging plant and machinery for food (particularly confectionery and chocolate) and other fast-moving consumer goods, has issued €2 million of mini-bonds fully subscribed by the fund Anthilia BIT 3 and listed on the ExtraMotPro trading platform.
The bond loan will enable the Group to finance new strategic acquisitions in the sector in order to support its external growth and penetration of new international markets.
The company led by Freberto Falcioni and Flavio Abbonati has manufacturing plants and sales branches in Italy and abroad and a clientele consisting prevalently of multinational groups specialising in the production of food and fast-moving consumer goods in the cosmetics, beauty care and tobacco sectors.
In 2018 it posted net revenues of €13 million with an export share of more than 90% of turnover.