Vitale & Co. advised The Ecopol Group on an agreement with Banca Ifis for a €9 million financing

The Ecopol Group, active in the production of water-soluble and biodegradable packaging solutions for the home and personal care, construction and cosmetics segments, has finalized an agreement with Banca Ifis for a €9 million financing.

The agreement is aimed at: supporting Ecopol in a share buy-back plan and providing additional financial resources to support the extraordinary growth plan already started in recent years with an important revenues growth of the Ecopol Group from €6.3 million in 2019 to €14 million in 2020 (with an implicit revenue growth rate of +120%). In 2021, Ecopol’s management expects to reach a turnover of more than €20 million.

The Ecopol Group boasts more than 35 employees with strong R&D and technical know-how used in all Company production processes, with a dedicated and experienced team of 5 people.

Best in class and high-quality solutions, also thanks to the Company’s assistance in the application of the products and in the technical analyses directly on the client production line.

By the end of 2020, the company’s new facility will be completed in Chiesina Uzzanese (Pistoia) and Ecopol will have the largest production capacity in Europe, but the company’s strategy is to continue to invest in the coming years to meet the demand not only of the European market, but also of all its customers in the rest of the world.

 

 

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