SPHERE Group successfully acquired Romagnasac, enhancing its position in the Italian sustainable packaging market with brands Virosac and Rapid.

Information on the Target

Romagnasac, headquartered in Milan, Italy, is a prominent player in the sustainable packaging sector, operating two well-established brands: Virosac and Rapid. Founded in 1973, Virosac specializes in the production of waste and freezer bags, catering to major retailers and professional clients. Meanwhile, Rapid has carved out a significant niche in the food wrap market, offering products such as aluminum foil, baking paper, and cling film, primarily sold in supermarkets.

This acquisition is pivotal for SPHERE Group, as it enhances their portfolio of sustainable packaging offerings and strengthens their market share in Italy.

Industry Overview in Italy

The sustainable packaging industry in Italy is witnessing robust growth, driven by increasing consumer awareness regarding environmental issues and a demand for eco-friendly pro