GUALA CLOSURES ANNOUNCESTHE INAUGURATION OF THE NEW PLANT IN NIGERIA, STRENGTHENING AFRICA’S STRATEGIC IMPORTANCE FOR LONG-TERM GROWTH

Building on its successful operations in Kenya and South Africa, Guala Closures is now investing in Nigeria, Africa’s most populous nation and one of the fastest-growing markets.

Lagos, April 18, 2025 – Guala Closures, a world leader in the production of closures for the spirits, wine, water, beer, non-alcoholic beverage, and edible oil markets, inaugurated yesterday its new greenfield manufacturing facility in West Africa, strategically located in the Lagos Free Zone.

The inauguration ceremony was attended byUgo Boni, Consul General of Italy in Lagos,Adesuwa Ladoja, CEOof Lagos Free Zone,Andrea Lodetti, CEO of Guala Closures, and other executives of the Group.This expansion represents a key milestone in the company’s growth strategy, strengthening its commitment to the African market and enhancing its presence in one of the continent’s most dynamic economies.

The Nigerian plant will serve West African markets and can supply anti-counterfeiting safety closures for spirits bottles, including innovative features developed precisely for this specific market. The construction of the plant, which spans nearly 5,000 square meters, was completed in a record time of just 22 weeks and reached operational start-up by the end of 2024. The facility will be further developed in the next years and isexpected to create significant employment opportunities for the local community.

Building on its successful operations in Kenya and South Africa, recently strengthenedwiththe acquisition of the facility owned by AstirVitogiannisin Johannesburg, Guala Closures is investing in Nigeria, Africa’s most populous nation and one of its fastest-growing markets. With a population exceeding 235 million and a median age of just 18, Nigeria offers vast potential for industrial and economic development. The country’s growing spirits and other beverages markets, fueled by an expanding middle class with increasing disposable income and a demand for premium products, creates significant opportunities for Guala Closures. The new facility will allow to better serve local businesses and global brands with innovative and high-quality closure solutions tailored to regional needs.

The opening of the Lagos facility reinforces Guala Closures’ long-term vision for growth and leadership in Africa, further positioning the company as a key partner in the region’s industrial and economic evolution.

“This investment underscores our commitment to advancing in the African market and creating value for our partners,” said Andrea Lodetti, CEO of Guala Closures. “Indeed, our global presence and in-depth knowledge of local markets allow us to stay close to our global customers, addressing their specific needs in every region of the world with customized solutions and outstanding service.By leveraging cutting-edge technologies and maintaining a strong focus on product quality and safety, we aim to enhance brand identity while offering robust protection against counterfeiting – an increasingly critical issue in the industry.”

With this expansion, Guala Closures continues its strategy of staying close to its customers, a philosophy reflected in its network of 37 production plants and 7 research and development centers worldwide.

Mrs. Adesuwa Ladoja, the Managing Director and CEO of Lagos Free Zone, added: “We are delighted that Guala Closures, one of our most prestigious international clients, has decided to expand their operations in Nigeria through our ready-to-lease Standard Industrial Facility at the LFZ. We are committed to supporting the next phase of growth in Nigeria and West Africa for Guala Closures.”

Information on:

Guala Closures Group

Guala Closures Group offers premium and innovative closure solutions that provide protection and convenience to consumers while enhancing customers’ brands. With 37 production plants worldwide, Guala Closures Group is a world leader in the production of closures for spirits, wines, beer, non-alcoholic beverages, oil and condiments, that guarantees proximity to its customers, with a localised and customised offer of services and solutions.

More information is available at www.gualaclosures.com and follow the company page on Linkedin

Lagos Free Zone  

Promoted by Singapore-based Tolaram, Lagos Free Zone is the first privately held deep sea port-based free trade zone in Nigeria. Centrally located in Lagos State, the commercial center of West Africa’s largest economy, the zone covers an area of 860 hectares. It is fully equipped with world-class infrastructure, a single window clearance for ease of doing business, and integrated with the 90 hectares Lekki Deep Sea Port, which allows for access to regional and international markets.

For more information, visit www.lagosfreezone.comand follow the company page onLinkedIn.

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Disclaimer:

This press release relates to the disclosure of information that qualified or may have qualified as inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014.

The information herein contains forward-looking statements. All statements other than statements of historical fact included herein are forward-looking statements. Forward-looking statements give Guala Closures’ current expectations, estimates, forecasts, and projections relating to its financial condition, results of operations, plans, objectives, future performance and business as well as the industries in which the Guala Closures operates, as well as the beliefs and assumptions of the Guala Closures’ management. In particular, certain statements with regard to management objectives, trends in results of operations, margins, costs, return on equity, risk management and competition tend to be forward-looking in nature. These statements may include, without limitation, any statements preceded by, followed by or including words such as “target,” “believe,” “expect,” “aim,” “intend,” “goal,” “may,” “anticipate,” “estimate,” “plan,” “project,” “seek,” “will,” “can have,” “likely,” “should,” “would,” “could” and other words and terms of similar meaning or the negative thereof. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors beyond the Guala Closures’ control that could cause the Guala Closures’ actual results, performance or achievements to be materially different from the expected results, performance or achievements expressed or implied by such forward-looking statements. Such forward-looking statements are based on numerous assumptions regarding Guala Closures’ present and future business strategies and the environment in which it will operate in the future. Therefore, the Guala Closures’ actual results may differ materially and adversely from those expressed or implied in any forward-looking statements. They are neither statements of historical fact nor guarantees of future performance. Guala Closures’ therefore cautions against relying on any of these forward-looking statements.