Virospack proprietor, Investindustrial acquires Eurovetrocap

Investindustrial introduced on Wednesday, January 8, that it has acquired a majority stake in Eurovetrocap, a cosmetics packaging supplier primarily based in Trezzano sul Naviglio, close to Milan, Italy.

Following the acquisition of Spain’s Virospack in 2023, the funding agency is consolidating its place within the magnificence packaging sector.

Based in 1983, Eurovetrocap is lively within the growth, ending and distribution of glass, plastic and aluminium major packaging for the skincare, make-up, and pharmaceutical markets.

With 140 workers, Eurovetrocap produces over 280 million items yearly and serves greater than 3,000 clients, primarily small and impartial manufacturers. The corporate provides a various product vary, customisation companies, and fast turnaround occasions, with merchandise distributed to over 90 nations by brokers, distributors, and business workplaces in Italy, France, the UK, and the US.

“The founding Cattaneo household will retain a minority stake within the firm and current administration crew will stay in place,” stated Investindustrial.

A flexible European magnificence packaging supplier

Investindustrial intends to leverage on the mix of Eurovetrocap’s and Virospack’s manufacturing and distribution capabilities and gross sales forces to boost the market attain of the 2 corporations, deepening relationships with each main teams and impartial manufacturers within the luxurious and masstige magnificence markets.

The mixture of Eurovetrocap and Virospack creates a beauty packaging platform with greater than EUR 120 million of mixed income and virtually 500 workers.