Crédit Agricole Italia, Banco BPM and Intesa Sanpaolo in the quality of "Mandated Lead Arranger" (i.e. the organiser and coordinator of the bank syndication, which undertakes to disburse the entire amount of the credit) have launched a financing operation worth 35 million euros in favour of Ecopol, a world leading producer of eco-friendly films for single-dose household detergents.
Thanks to this operation, Ecopol will initiate an investment plan to support its international expansion, which includes the construction of a production plant in the United States.
Based in Chiesina Uzzanese (Pistoia, Italy) where it has a state-of-the-art production site, the company is booming with a turnover that has grown by over 70% in the last 5 years. In addition, Ecopol enjoys a strong position in the market of films for single-dose household detergents and strong business ties with international blue-chip customers (large-cap companies). Its success, driven by constant attention to sustainability both in terms of technological innovation and compliance with environmental, ethical and social standards, is an integral part of the company's operations. This is also proven by the recent acquisition of a 33% stake in Ecopol by the French private equity Tikehau Capital through the Tikehau Growth Equity II fund.
Mauro Carbone, CEO of Ecopol: "We are excited and determined about the prospect of entering the US market. Our development plan envisages the completion of a new plant that will be operational by the beginning of 2023. The pool of banks that assist us has proven capable of understanding and facilitating the strong growth potential of our company."
