Valgroup expands its operations in the Italian PET preform market with the acquisition of Garda Plast Group
Valgroup, producer, transformer and recycler of plastic packaging, announces the acquisition of Garda Plast Group (GP Group), formed through the aggregation – led by Progressio SGR – between Garda Plast S.p.A., based in Polpenazze del Garda (BS), and IFAP S.p.A., based in Palmanova (UD). GP Group is specialised in the production of PET and rPET preforms.
This business expansion consolidates the company’s presence in Italy, strengthening relations with suppliers and enabling it to support regional customers more comprehensively.
Massimo Cutolo, President and CEO of Garda Plast, comments: “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.”
Alessandro Petraccia, Senior Partner at Progressio, says: “We are proud to have supported Massimo and the management team of the GP Group in this journey. The company has embarked on a virtuous growth path, entering new markets, developing new value-added business lines, investing in technology, digitalization, and sustainability. Special thanks go to our partners, Pietro Bruseschi, Marco Bruseschi, Amos Tonoli, and Luca Tonoli, who, not only for their significant contribution to the business, but also because they have been great companions in this journey.”
Luigi Geronimi, Founder of Valgroup, says: “With the acquisition of the Garda Plast Group, we further consolidate our position in the Italian market, creating a hub of innovation and excellence in the PET and rPET preform sector for the beverage, detergent and dairy industries.”
The two new plants acquired by Valgroup in Italy are in addition to five other PET preform manufacturing units: one in San Jose, Uruguay, another three in Brazil, in the cities of Duque de Caxias (RJ), Ipojuca (PE) and Betim (MG), as well as the unit located in Villa Lempa, Italy, acquired at the end of 2022.
