ECONOMY AND MARKET
Piovan Acquires Majority of the Share Capital of Nu-Vu Conair
Piovan headquarters in Santa Maria di Sala ( Venice )
Piovan and Nu-Vu Conair announce the signing of an agreement providing for the acquisition by Piovan of 1 % of the share capital of Nu-Vu – an Indian company in which Piovan already indirectly held 50 % of the outstanding shares through its subsidiary Conair Pacific Equipment PTE , Ltd . – from the selling shareholders of Nu-Vu ( the “ Selling Shareholders ”). As a result of the Transaction , therefore , Piovan Group will collectively achieve a 51 % shareholding in Nu-Vu . The Transaction also foresees i ) the opportunity for Piovan Group to further grow its shareholding of Nu-Vu over time and ii ) the commitment of the parties to jointly development of a new business plan for Nu-Vu leveraging a new license agreement by which Nu- Vu will be entitled to produce and sell certain key Piovan Group technologies in the region . « We are pleased with the agreement reached with the shareholders of Nu- Vu . This acquisition strengthens Piovan ’ s global technological leadership , consolidating the Group ’ s strategic growth process , in line with the directives shared with our investors » – declares Nicola Piovan , Executive Chairman of Piovan S . p . A .. « We strongly believe in the potential of India , a market which will grow more than any other in the next years . Nu- Vu has done , over these years , a great job in making the company a reputed and credible leader in the local market . We believe that with the joint efforts of Piovan and Nu-Vu in adding technologies and market penetration we would further grow and consolidate the leadership in the whole region » – adds Filippo Zuppichin , Chief Executive Officer of Piovan S . p . A .. « With this transaction we are strengthening our relationship with our partners of Piovan Group . We are excited to leverage the Piovan ’ s technology and wide range of product portfolio for exponential growth of Nu-Vu Conair Pvt Ltd . We are committed to serve our customers with latest technology / innovation and ensure the bright future of all the employees of Nu Vu Conair and stakeholders » – add Bhaumik Patel and Ajay Shah , Indian Shareholders of Nu- Vu Conair Pvt Ltd ..
Ecopol Announces Strategic Investment in JRF Technology
Italian technology plast / April 2024
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Ecopol , a leading developer and producer of innovative biodegradable films and delivery systems , announced today it has completed a strategic investment in JRF Technology , a leading developer of water-soluble polymer and edible film technology . Founded in 2007 and based in Tampa , Florida , JRF is an innovation and R & D organization focused exclusively on water-soluble polymer and edible film technology . From its state-of-the-art GMP laboratory , JRF provides innovation services to clients ranging from leading multinational consumer goods companies to innovative start-ups . The Company has unique expertise in product development and process technology to convert water-soluble polymers into value-added commercial products . JRF will continue to be led by President James Rossman and Managing Director Richard Fielder and will serve as Ecopol ’ s U . S . R & D Center of Excellence , complementing its R & D capabilities in Italy . “ Our strategic investment in JRF aligns well with Ecopol ’ s strategy to accelerate the development of the next generation of sustainable delivery systems ,” said Ecopol CEO Mauro Carbone . “ We see tremendous opportunity to leverage our complementary R & D capabilities and JRF ’ s exciting pipeline to commercialize innovative biodegradable and bio-based delivery systems for applications across attractive end-markets , including personal care and healthcare . We believe these solutions will experience significant tailwinds for adoption as brand owners and consumers seek more sustainable and innovative products . We are excited to collaborate with Jim and Richard , who bring decades of experience as inventors and innovators in the field .” “ Since founding JRF more than 15 years ago , our focus on serving as an innovation partner to our clients has driven our expansion . Ecopol ’ s strategic investment will allow us to invest further in our development and commercial capabilities and accelerate the introduction of our innovative pipeline to the marketplace . Mauro and his team ’ s expertise in scaling up world-class production of innovative films and delivery systems makes Ecopol the ideal partner for JRF , and together we look forward to realizing the full potential of water-soluble polymer technology ,” added Mr . Rossman and Mr . Fielder . JRF represents the latest in a series of global investments by Ecopol to expand its capacity and capabilities . Ecopol recently invested in a new pouch-filling pilot line at its Italian R & D Center of Excellence to enhance its product development capabilities for unit-dose detergent delivery systems . Since 2019 , Ecopol has invested more than € 70 million to add the largest solution cast polyvinyl alcohol film line in the world to serve laundry applications and a new production facility in Griffin , GA to serve the North American market . Ecopol will continue to seek strategic opportunities and
Pelliconi Concludes the Acquisition of Production Assets from Novemba
Pelliconi & C . S . p . A ., one of the world ’ s leading manufacturers of closures for food & beverage , is pleased to officially announce the acquisition of production assets from Novembal , a leading company specialized in the design and production of plastic caps . This operation represents a significant step for Pelliconi in pursuing its goal to increase its product portfolio . It will also further consolidate Pelliconi ’ s position in the plastic closures sector by expanding its presence in North America with two new production sites , one located in Peoria in the state of Arizona ( USA ) and the other in Rawdon in the state of Quebec ( Canada ). Pelliconi ’ s CEO Marco Checchi commented enthusiastically , “ We are pleased to have successfully concluded this transaction and look forward to continuing on our path of innovation in the packaging closures industry . This project represents an important step in our Group ’ s growth journey .”
Pelliconi is one of the world ’ s leading manufacturers of closures for food & beverage
The Ecopol plant in Chiesina Uzzanese ( Pistoia )
investments globally to bolster its R & D capabilities and add new technologies . These steps represent the first in partnership with SK Capital Partners , LP (“ SK Capital ”), which made a strategic investment to acquire a majority stake in Ecopol in September 2023 . Josh Lieberman , Principal at SK Capital , added , “ We are excited to leverage SK Capital ’ s deep resources and capital to support Ecopol as they invest to expand its R & D capabilities globally and accelerate the introduction of innovative products to new end-markets . We look forward to continuing to back Mauro as he executes on his vision to make Ecopol the global leader in sustainable delivery systems .” www . plastmagazine . it