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One hundred million from Relife to go shopping in Italy and abroad

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One hundred million from Relife to go shopping in Italy and abroad

Relife, a Genoese group specializing in the collection, transformation and recycling of waste, is preparing to invest 100 million euros over the next two years for new acquisitions in Italy and abroad. The goal is to transform the company, which already has four divisions, 18 production sites and offices in five regions (Liguria, Piedmont, Lombardy, Tuscany and Veneto), into a fully-fledged multinational.

«In the coming weeks – explains Enzo Scalia, general manager of the group – we will announce two acquisitions, one in Lombardy and one in Veneto: they will enter the recycling division. But we have open projects, with tables started in the Northwest and Central Italy, also for the other three divisions. Then we look with interest at the purchase of companies in Spain, Austria and Germany. We intend to do so because many of our customers have developed products in those countries and we will be able to follow them abroad as well. Moreover, especially in Austria and Germany, there are several realities in the recycling sector that meet our needs. The goal is to become a multinational in the recycling of paper and plastic ».

Enzo Scalia. He is general manager of Relife and founding member of the Genoese group

But to fully understand the path illustrated by Scalia, it is necessary to briefly retrace the path that led Relife to the current corporate structure. The company was founded by the brothers Marco and Paolo Benfante together with Scalia himself: all three are still shareholders of the group (respectively, the brothers with 10% and the director with 0.5%), together with other entrepreneurs and two funds: Xenon which controls 12% of the shares and F2i which owns 70%. The group has grown through a series of merger & acquisition which made it possible to incorporate other companies (“employers”, as Scalia defines them), which have entered the team, while maintaining their characteristics and often also the guidance of their founders who, in various cases, have entered, in turn, with small shares in Relife.

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In this way, the group reached 650 employees and reached, in 2021, “a turnover of 270 million euros: in 2020 it had dropped to 170 million, but due to the weight of the incorporations made in that period”, explains Scalia.

«Today – he continues – the beauty of the holding is in Genoa and, from here, we are working to complete the organizational architecture of the company. It is not easy to maintain a structure with owners and owners who have to live with a great reality like F2i. But it is also gratifying to accompany people, who may have left as employees, on the path that leads them to become managers at 40. And all this is possible precisely because F2i has trusted us ».

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