EOS IM acquires FM Plastic and creates a flexible packaging hub

EOS Investment Management, a UK-based private equity firm specialising in alternative investment funds, has acquired FM Plastic, a flexible packaging converter that uses flexographic technology, through its Piacenza, Italy-based subsidiary Poplast.

The aim of the operation is to create a centre of excellence in the Italian flexible packaging market with an aggregate turnover of around €60 million.

The acquisition of FM Plastic, a company based in Lamporecchio (PT) with estimated 2018 revenues of more than €10 million, follows that of Sala, a supplier of flexible packaging solutions for industrial applications, completed by EOS IM in October 2017.

FM Plastic’s output is aimed mainly at the Tissue and Food & Beverage industries and serves some of the most important national and international brands such as ICT - Foxy, Tesco, Pata, Sainsbury’s and Fabianelli.

The company produces technology aimed at reducing environmental impact through air purification and solvent recycling, as well as measures for recovery and reuse of heat and reduction and reuse of production waste.