ITALY – Ecopol, a Chiesina Uzzanese, Italy-based developer and producer of biodegradable films, received an investment from SK Capital.
The amount of the deal – whose closing is subject to the satisfaction of customary regulatory conditions and approvals – was not disclosed. SK Capital is acquiring a majority interest in Ecopol with Mauro Carbone, CEO and controlling shareholder, retaining a significant stake and remaining as both the CEO and largest individual shareholder. Existing minority investor Tikehau Capital, a global alternative asset manager, will also retain a minority stake.The company intends to use the funds to support its growth and expand its production footprint into the U.S.Led by CEO Mauro Carbone, Ecopol is a global producer of water-soluble and biodegradable films. Its delivery systems for unit-dose applications allow the world’s leading brands to reduce CO2 emissions and the usage of water and virgin plastic throughout their supply chains. The company operates production campuses in Italy and the United States, providing service, technical support and partnership to its worldwide customer base. Ecopol has invested over €70 million since 2019 to add new capacity and capabilities, including the cast polyvinyl alcohol (“PVOH”) film line to serve laundry applications and a new production facility in Griffin, Georgia (USA) to better serve its global customer base.27/07/2023
