Announced
Financials
Sources
Tags
Pending
Plastics
Cross Border
Majority
Single Bidder
Private Equity
Italy
plastic preforms
Acquisition
Friendly
Private
Synopsis
Valgroup, a company that develops, manufactures and supplies flexible, laminated and rigid packaging products and cartons, agreed to acquire Garda Plast, a provider of plastic preforms that can be turned into bottles by industrial customers, from Progressio SGR, a private equity firm. Financial terms were not disclosed. “During these years of partnership with Progressio, the management team has achieved significant milestones. We dare say that our Group is now an excellence in the industry, important goals has been achieved and many others will be achieved,” Massimo Cutolo, Garda Plast President and CEO.
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