Technological watch
SK Capital to take majority stake in PVA film producer / Strong growth planned
SK Capital to take majority stake in PVA film producer / Strong growth plannedThis transaction could soon create a serious competitor for Kuraray (Tokyo; www.kuraray.co.jp) and its subsidiary MonoSol in water-soluble polyvinyl alcohol (PVA) films: US investment firm SK Capital Partners (New York, New York; www.skcapitalpartners.com) is acquiring a majority stake in MonoSol rival Ecopol (Chiesina Uzzanese, Italy; www.ecopol.com). The previous owners â?? CEO Mauro Carbone and financial investor Tikehau Capital â?? remain minority shareholders. The companies did not disclose the purchase price.Â
With new US majority owner: Italian film producer Ecopol (Photo: Ecopol)
SK Capital wants to accelerate Ecopolâ??s growth in the coming years, according to a statement. The advisors to the investor include former Versalis CEOÂ Daniele Ferrari, who has experience in biodegradable polymers.
Related: SK Capital acquires majority stake in US specialities producer Deltech
Ecopol said it was founded in 2009 and has invested more than EUR 70 mn in the expansion of production capacity in recent years with the help of Tikehau Capital. Among other things, the company set up a second production facility in Italy in 2020. Last year, it added a US plant in Griffin, Georgia, for USD 38 mn (EUR 34.5 mn) to serve the North American market.
Its PVA films and packaging solutions are used for detergents, dishwashing tabs, and agricultural chemicals.14.08.2023 Plasteurope.com [253404-0]
With new US majority owner: Italian film producer Ecopol (Photo: Ecopol)
SK Capital wants to accelerate Ecopolâ??s growth in the coming years, according to a statement. The advisors to the investor include former Versalis CEOÂ Daniele Ferrari, who has experience in biodegradable polymers.
Related: SK Capital acquires majority stake in US specialities producer Deltech
Ecopol said it was founded in 2009 and has invested more than EUR 70 mn in the expansion of production capacity in recent years with the help of Tikehau Capital. Among other things, the company set up a second production facility in Italy in 2020. Last year, it added a US plant in Griffin, Georgia, for USD 38 mn (EUR 34.5 mn) to serve the North American market.
Its PVA films and packaging solutions are used for detergents, dishwashing tabs, and agricultural chemicals.14.08.2023 Plasteurope.com [253404-0]
This project has received funding from the Bio Based Industries Joint Undertaking under the European Union’s Horizon 2020 research and innovation programme under grant agreement No 837761.
