Progressio SGR has sold its stake in Garda Plast Group to Valgroup, enhancing Valgroup's position in the Italian polymer industry.

Information on the Target

The Garda Plast Group (GP Group), formed through the strategic merger of Garda Plast S.p.A. and IFAP S.p.A., has established itself as a significant player in the Italian plastic packaging industry. With headquarters in Polpenazze del Garda and Palmanova, GP Group has focused on innovation and sustainability, led by CEO Massimo Cutolo. Under Progressio SGR's guidance, GP Group has achieved remarkable milestones, including generating revenues exceeding €90 million in 2022.

The consolidation of Garda Plast and IFAP has allowed GP Group to expand its product offerings and strengthen its market position. The company’s initiatives in digitalization and technological advancement have contributed to its robust growth, making it an exemplar in the sector. The key stakeholders, including Amos and Luca Tonoli from Garda Plast, and Pietro and Marco Bruseschi from IFAP, have continued to support the group as minority shareholders.

Industry Overview in Italy

The plastic packaging industry in Italy is a vital segment of the broader plastics market, reflecting significant growth potential driven by increasing demand for sustainable packagi