Luxury Cosmetic Solutions Investments S.à r.l. (the “Group”), an independently managed investment subsidiary of Investindustrial Growth III SCSp (“Investindustrial”) has entered into an agreement to acquire a majority of Eurovetrocap S.p.A. (“Eurovetrocap” or the “Company”), a leading value-added cosmetics packaging integrator. The founding Cattaneo family will retain a minority stake in the Company and existing management team will remain in place.
The Group that owns Virospack S.L. (“Virospack”), the leading global manufacturer of premium cosmetics droppers, becomes with this acquisition one of the leading European groups in cosmetics packaging. Founded in 1983 and headquartered in Trezzano sul Naviglio (Milan, Italy), 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.
Eurovetrocap is a transformational add-on for the Group, and jointly with Virospack, creates a highly diversified cosmetic packaging platform with more than €120 million of combined revenue, almost 500 employees and with leading manufacturing and distribution capabilities. The combination of Eurovetrocap’s and Virospack’s sales forces will enhance market reach, deepening relationships with both major beauty groups and independent brands, while achieving an ideal mix between luxury and masstige. The partnership further unlocks cross-selling and joint product development opportunities, including pumps, moulded glass, and mould manufacturing, where Eurovetrocap has a deep technical expertise.
Andrea C. Bonomi, Chairman of Investindustrial’s Advisory Board, said: "We are very pleased to welcome Eurovetrocap into our platform for cosmetics packaging. This strategic partnership significantly enhances our position in the sector, creating a well-diversified and balanced group. By leveraging the combined strengths of both Virospack and Eurovetrocap, they will expand the market reach, strengthen relationships with leading beauty brands, and unlock new avenues for innovation and cross-selling.”
About Investindustrial:
Investindustrial is a leading European group of independently managed investment, holding, and advisory companies with €15 billion of raised fund capital. With ESG principles deeply embedded into the Firm’s core approach, Investindustrial has a 35-year history of providing mid-market companies with capital, industrial expertise, operational focus, and global platforms to accelerate sustainable value creation and international expansion. Certain companies of the Investindustrial group are authorised by, and subject to regulatory supervision of the FCA in the United Kingdom and the CSSF in Luxembourg. References to ‘Investindustrial’ are of generic nature, for ease of reading, and may refer, depending on the context, to a fund or any of its independently managed subsidiaries. Investindustrial’s investment companies act independently from each other and each Investindustrial fund.
Additional information is available at www.investindustrial.com.
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