5m Euros Growth in the European Food Packaging Market: According to the news published at the 305th issue of Macplasonline (Oct. 12th, 2016) the Italian SACE Company has announced a possible huge growth in the European markets for foods and packaging. The news says:
SACE (Cassa Depositi e Prestiti Group) is announcing a double initiative to support the international growth of Dpla, a Treviso-based firm specialized in the production of plastic tableware and disposable food containers since 1964. Dopla is one of Europe’s leading players in this sector, with annual sales of over 130 million euros and over 410 employees in its Italian and foreign production facilities.
Sace has guaranteed two loans for 2,5 million euros each, issued by BNL Paribas Group and UniCredit, earmarked for supporting the acquisition of a 50% share in the Spanish firm Nupik International, unchallenged leader in disposable containers for the Spanish market.
“We can only positively underscore the synergic collaboration between Sace and the financial sector – declared Carlo Levada, CEO of the Dopla Group – This support has facilitated our company’s future development plans.” With the acquisition of Nupik, whose clients include the principal mass retailers and cash&carries in Europe, Dopla is continuing its foreign growth path pursued in recent years, (which has included the acquisitions of Isap Packaging in Italy, Bender in the UK, and Eurovending in Spain), further expanding its presence in the European market and becoming one of the principal players in the food packaging industry.
SACE, a joint-stock company wholly owned by Cassa depositi e prestiti, offers a wide range of insurance and financial products: export credit, investment protection, financial guarantees, surety bonds and factoring.
An offer that is enriched with SIMEST products, ranging from investments in equity capital of companies to subsidised loans and export credit.
It operates in 198 countries, ensuring more stable cash flows and transforming the insolvency risks of 25,000 business customers into development opportunities. SACE has a rating of A- (Fitch).
