Abu Dhabi-based investment holding firm 2PointZero Group has acquired a majority stake in Italian packaging company Isem for AED704 million ($192 million).
Following the transaction, the company now controls a 60.8 percent stake in Isem, according to a disclosure filed with the Abu Dhabi Securities Exchange.
UK private equity firm Peninsula Capital, along with other minority shareholders, continues to hold the remaining 39.2 percent stake.
“Packaging will represent our sixth consumer-focused vertical,” said Samia Bouazza, CEO of 2PointZero Group.
He explained that the company’s expansion into the packaging industry is driven by the sector’s strong compound annual growth across several segments, including food, pharmaceuticals and luxury goods.
Isem manufactures products such as rigid boxes, folding cartons, silk paper and dust bags, supported by an industrial network of 11 factories spanning more than 100,000 square metres.
2PointZero Group was created in October through the merger of Multiply Group, Ghitha Holding and the original 2PointZero under International Holding Company, forming a business with combined assets worth AED120 billion.
Earlier this week, a subsidiary of 2PointZero Group also acquired a stake in US health-tech firm Whoop, although the value and size of the investment were not disclosed.
The company previously reported that its revenue surged by 311 percent in 2025 to reach AED7 billion, while net profit increased by 158 percent to AED3.6 billion.
Looking ahead, the group is targeting a 35 percent rise in net income for 2026 and currently holds assets across more than 85 countries.
Shares of 2PointZero Group closed 0.5 percent higher at AED1.91 on Thursday, although the stock remains down 27 percent since the start of the year.
