Investment Announcement
Investindustrial has disclosed plans to purchase a majority interest in the packaging company, Eurovetrocap. The founding Cattaneo family will maintain a minority share, while the current management team will continue their roles.
Financial and Strategic Insights
The financial specifics of the transaction remain undisclosed. Following the acquisition, Eurovetrocap will merge with Investindustrial’s acquisition, Virospeck, forming a comprehensive cosmetic packaging entity with combined revenues totalling over €120 million.
Strategic Vision and Comments
Andrea Bonomi, Chairman of Investindustrial’s Advisory Board, stated that this partnership bolsters their industry standing by forming a more diverse and balanced entity. This merger is expected to broaden market influence, strengthen ties with leading beauty companies, and foster new opportunities for innovation and cross-industry product sales.