Corvaglia enters strategic partnership with Wisecap for the production of beverage closures in Europe
The Corvaglia Group, a globally recognised provider of closure solutions for beverage packaging, has entered a strategic partnership with Wisecap, a leading European producer of plastic caps and closures for the beverage industry, headquartered in Italy.
Under the agreement, Wisecap will integrate the caps manufacturing activities of Corvaglia Closures Eschlikon AG, a subsidiary of Corvaglia Holding AG, into its European production network, which comprises sites in Italy, the Czech Republic, Spain, Poland and Egypt. In return, Corvaglia Group will take a minority stake in Wisecap and supply its leading injection-moulding technology and innovative closure designs to the Group.
The Corvaglia Group says that it remains fully committed to its global closure business and will continue to cover the entire value chain. In Europe, this will be achieved through the strategic partnership with Wisecap, while in the US and Mexico, Corvaglia will continue to offer all its services along the value chain, from its closure designs and injection-moulding technology to production of closures and their expertise for the application of the closures.
With this partnership, European customers are claimed to benefit from a wider range of closure solutions thanks to Wisecap’s industrial scale and product diversity and Corvaglia’s moulding expertise and design capabilities. The partnership is intended to allow Wisecap to accelerate innovation cycles, enhance technical support, and increase supply flexibility across Europe.