Investindustrial announced on Wednesday, January 8, that it has acquired a majority stake in Eurovetrocap, a cosmetics packaging provider based in Trezzano sul Naviglio, near Milan, Italy.
Following the acquisition of Spain’s Virospack in 2023, the investment firm is consolidating its position in the beauty packaging sector.
Founded in 1983, Eurovetrocap is active in the development, finishing and distribution of glass, plastic and aluminium primary packaging for the skincare, make-up, and pharmaceutical markets.
With 140 employees, Eurovetrocap produces over 280 million units annually and serves more than 3,000 customers, primarily small and independent brands. The company offers a diverse product range, customisation services, and quick turnaround times, with products distributed to over 90 countries through agents, distributors, and commercial offices in Italy, France, the UK, and the US.
“The founding Cattaneo family will retain a minority stake in the company and existing management team will remain in place,” said Investindustrial.
A versatile European beauty packaging provider
Investindustrial intends to leverage on the combination of Eurovetrocap’s and Virospack’s manufacturing and distribution capabilities and sales forces to enhance the market reach of the two companies, deepening relationships with both major groups and independent brands in the luxury and masstige beauty markets.
The combination of Eurovetrocap and Virospack creates a cosmetic packaging platform with more than EUR 120 million of combined revenue and almost 500 employees.
