| · Shared Success Program enables every CMC employee globally to participate in the financial success of the company – program will be first-of-its-kind among Italian companies in KKR’s portfolio.
· CMC’s ambition is to be a global leader in advanced logistics automation, making global supply chains more sustainable – its employees play a key role in fulfilling this ambition.
· CMC has more than doubled revenues since KKR’s Global Impact team partnered with the Ponti family in 2020.
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Introducing the Shared Success Program
Città di Castello (PG), September 25, 2023 – CMC Packaging Automation (‘CMC’), a leader in on-demand packaging, today announces the introduction of its Shared Success Program (‘SSP’), an innovative employee participation program that recognizes the positive and powerful impact that employees have on the company and local communities.
Through the SSP, CMC will reward all employees for their commitment and contribution to creating value for the company. The program will become an important part of CMC’s efforts to support and invest in its people. The program creates an ownership culture and aligns financial incentives across all levels of the business. CMC recognizes employees as key contributors to its success. This also helps attract market leading talent as the business scales globally.
Francesco Ponti, CEO of CMC, said: “As a people-first company, today’s announcement represents the culmination of a lot of hard work and dedication by our employees. In 2020, when we launched the company’s next chapter, it was of the utmost importance to find not only a strategic partner who could further build on CMC’s strong performance and growth, but one who would also continue to prioritize the backbone of the business: our people.
“SSP is built on a simple premise: when people prosper, our company prospers. This program will accelerate our company’s growth while sharing the financial value we collectively create. I wish to thank KKR for believing in CMC and driving our trajectory. We will continue to invest in innovation, research and technologies to maintain our leadership position and offer increasingly advanced and sustainable solutions. Days like this are a testament to CMC’s pursuit of excellence and are an occasion to celebrate all that our people have achieved.”
Growth and international expansion
Since KKR invested in CMC in 2020, revenue has more than doubled organically, while headcount has almost doubled. CMC has strengthened its international presence, expanding into Germany, France and the UK. It has also grown its facilities in North America with a new Sales, Service and Training center. Working with KKR, CMC has also focused on operational excellence across the business. Its objective is a global platform that is sustainable and scalable for years to come.
Pedro Godinho Ramos, Director, KKR Global Impact, stated: “We are proud of how the employees of CMC continue to contribute in so many ways to the outstanding performance of the company. We have seen first-hand the impact that programs like SSP can have on individuals and businesses. When you invest in employees, positive results can follow.
“We are honoured to support CMC in launching a program that will help drive continued performance through an incentivized and engaged workforce. We believe that CMC is able to make a material impact in the world through innovative solutions which address the critical challenge we face in global packaging. We’d like to thank every single CMC employee for playing a vital role in this, and we look forward to continuing our work together as we aim to create a more sustainable future.”
Investing in innovation and sustainability
With KKR’s resources, network and global platform, CMC continues to expand its operations and invest significantly in R&D. It develops leading-edge, sustainable packaging solutions for the world’s leading companies.
One notable partnership is with Amazon’s Climate Pledge Fund, a $2 billion venture investment program. The fund invested in CMC to support sustainable technologies and services for Amazon’s net zero carbon goal. This has helped CMC become a player in the global e-commerce ecosystem.
Packaging efficiency and environmental impact
CMC has a clear vision for helping address global climate challenges. As a global pioneer in right-sized packaging and advanced logistics automation, it develops efficient solutions with reduced environmental impact for every item shipped.
These solutions meet growing demand in logistics and e-commerce while helping customers reach their sustainability goals. CMC’s right-sized automation reduces the volume shipped per order, cutting CO2 emissions and waste. In 2022 alone, CMC saved over 340,000 metric tonnes of CO2 equivalent. It also avoided wasting over 194,000 metric tons of cardboard and saved 43 million m3 of void fillers. Trusted client partnerships and a culture of engineering excellence underpin this work.
About CMC Packaging Automation
Based in Città di Castello (PG), CMC Spa is a private company engaged in the design, production, and sale of innovative solutions and high-tech machinery for mailing, graphic art, e-commerce, and logistics. Founded in 1980, the company has dedicated itself to developing strategies that could transform it into the leading provider of technologies, services, components, and professional technical training. CMC has always been attentive to promptly respond to the changing market demands with creative projects and tailor-made solutions. With the exponential growth of e-commerce reshaping the shipping industry, CMC now assists retailers and logistics companies in optimizing the order fulfillment process and using sustainable, robust, highly personalized, and secure packaging through its popular and award-winning 3D packaging technology, which perfectly adapts to the content of the package. For more information about CMC, please visit the CMC website at https://www.cmcsolutions.com/.
About KKR
KKR is a leading global investment firm offering alternative asset management, capital markets and insurance solutions. It aims to generate attractive investment returns through a patient, disciplined approach. The firm employs world-class people and supports growth in its portfolio companies and communities.
Its sponsored funds invest in private equity, credit and real assets. Strategic partners also manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under Global Atlantic Financial Group. References to KKR’s investments may include activities of its sponsored funds and insurance subsidiaries. For more about KKR & Co. Inc. (NYSE: KKR), visit www.kkr.com. For Global Atlantic Financial Group, visit www.globalatlantic.com.
