Monday, January 20, 2025
Virospack owner Investindustrial acquires Eurovetrocap
Creating a European leader in cosmetics packaging, Investindustrial, the financial group that owns Virospack, is to purchase a majority stake in Eurovetrocap. Together, the two companies have combined sales of more than €120m.
Packaging M&A in the beauty sector is not slowing down. Investindustrial Growth III, the owner of cosmetics droppers specialist Virospack, is to acquire a majority stake in Eurovetrocap via its subsidiary, Luxury Cosmetic Solutions Investments.
Eurovetrocap’s founders, the Cattaneo family, will retain a minority share of the company.
In the packaging sector, Investindustrial owns 51% of Virospack, which it purchased in 2023, and a 48.9% stake in Guala Closures.
Source : Formes de Luxe