Italy-based Ecopol provides water-soluble and biodegradable films and delivery systems for the unit-dose household detergent market for use in both automatic dishwashing and laundry applications
Ecopol and SK Capital partner for future growth. (Credit: uluer servet yüce from Pixabay)
Biodegradable films maker Ecopol has announced a strategic investment from affiliates of SK Capital Partners, a private investment firm focused on the ingredients, speciality materials and life sciences sectors.
Under the investment, SK Capital will acquire a majority interest in Ecopol to drive the next phase of growth.
Additionally, Ecopol CEO and controlling shareholder Mauro Carbone will retain a significant stake and remain as both the CEO and largest individual shareholder.
Tikehau Capital, a global alternative asset manager and current minority investor will also retain a minority stake.
Carbone said: “SK Capital is the perfect partner for Ecopol given its differentiated industry expertise, strong experience in the North American market and track record of successful partnerships with entrepreneur-led businesses.
“Our organisations share the same core values and commitment to a more sustainable future that have defined Ecopol’s success to date. Ecopol is grateful to Tikehau Capital for their support as we have expanded meaningfully and invested to support rapid growth alongside our valued customers.”
Italy-based Ecopol provides water-soluble and biodegradable films and delivery systems for the unit-dose household detergent market. The firm has advanced production facilities in Italy and the US.
The products can be used for both automatic dishwashing and laundry applications, along with use in speciality engineered stone and construction sectors.
Since 2019, Ecopol has invested over €70m to expand its capabilities and capacity, including the largest solution-cast polyvinyl alcohol (PVOH) film line in the world for laundry applications.
The biodegradable films maker has also started a new production site in Griffin, Georgia, US to better serve its international clients.
SK Capital managing director Stephen D’Incelli said: “We are incredibly privileged to be partnering with Mauro to support the next phase of Ecopol’s extraordinary growth.
“Mauro has built an exceptional business with a reputation for strong customer service and delivering technology-driven, sustainable solutions, which aligns with our strategy of investing in companies where sustainability is a true competitive differentiator.”
The completion of the deal is subject to customary regulatory conditions and approvals.