Gardening in Lanzi, a group with more than 30 mln revenues in safety is born

An operation that sees the birth of an Italian group with over EUR 30 million in revenues in the world of safety. BF & Company oversaw the exit of its first club deal of investors who, at the end of 2019, had acquired, in partnership with the founding partners, 100% of Gardening Srl, active in the marketing of disposable medical gloves in Italy. Today, the signing with which Gardening's entire share capital was acquired by the group headed by Lanzi, Srl active in the PPE (Personal Protective Equipment) sector and production of automated systems for their distribution.

The merger project was organised by BF & Company, an independent financial boutique specialising in extraordinary finance transactions, which identified the Lanzi Group as the ideal strategic partner for Gardening with a view to sector consolidation and support for a new growth path for the company. For its part, the Lanzi Group, in addition to its know-how in the world of consumables, is guaranteed entry into an interesting market such as the medical sector. The growth project includes the confirmation of Gardening's management, the strengthening of its organisational structure and the development of commercial synergies. With the completion of the transaction, the club deal realises a return of almost six times the invested capital.

Foto aerea stabilimento di Gruppo Lanzi

According to Alessandro Bartolini, managing partner of BF & Company, 'An industrial operation has been realised that leads to the creation of an important group with an Italian focus, with an extensive product portfolio, purchasing capacity from the Far-East, manufacturing expertise in Dpi vending, a direct distribution presence abroad, as well as in Italy, and a direct sales network complemented by agents for the medical sector'.

And the brothers Antonio and Andrea Clerici, founding partners and owners of 40% of Gardening (through the corporate vehicle Giglio Verde), add: "We are satisfied with the path we took together with the club deal organised by BF & Company. The objective of making the company operationally autonomous from ownership, while maintaining a profitable and sustainable business model, a path that we know is not always easy in a SME, has been achieved. The choice of the Lanzi Group as a strategic partner also leaves us convinced in the further future development of Gardening, with the enhancement of all the company's specific skills".

Gardening, founded over 30 years ago and based in Genoa (Italy), led by managing director Filippo Alby, is active in the import and marketing of gloves and other disposable items for user protection in Italy, with a leading position in the dental segment. The products, sourced from selected suppliers in South East Asia, are mainly own-brand and distributed to over 1,000 customers. In recent years, due to the post-Covid oversupply and distortions in the supply chain, the disposable glove sector has experienced a period of great instability. Despite this, Gardening was able to maintain its premium positioning: in 2024 it generated revenues of over 12 million Euro.