Valgroup invests and acquires two new plants in Italy, expanding recycling and PET preforms production

Valgroup, one of the largest producers, transformers and recyclers of plastic packaging, announces the acquisition of two Italian companies, regional market leaders, NuovaPlast, specializing in PET preform production and 3R, active in the bottle recycling segment.

This acquisition will allow Valgroup to enter a new market with a well-established presence and the development of synergic relationships with key suppliers and customers in the sector, and to execute operations in accordance with the sustainable business goals and objectives.

Having specialized PET preform and rPET (recycled PET resin) manufacturing plants in Spain, Mexico, Uruguay and Brazil in the cities of Duque de Caxias (RJ), Nova Iguaçu (RJ), Ipojuca (PE), Betim and Poços de Caldas (both in MG), Valgroup reinforces with this acquisition, its standard of incessantly searching for innovation and modernization of processes.

The business expansion is also in line with the sustainable commitment of the company, which has strong ESG positioning, as reinforced by Eduardo Berkovitz, Institutional Relations and Compliance Director of Valgroup: “the acquisition of NuovaPlast and 3Rs contributes directly to our goal of being NET ZERO by 2040, neutralizing carbon emissions and recycling the equivalent to 100% of the amount of packaging produced, contributing effectively to the circular economy by removing plastic waste from the environment.”

About Valgroup

For over 45 years in the industry, Valgroup has become one of the largest producers, transformers and recyclers of plastic, with operations in Brazil, Spain, United States, Italy, Mexico and Uruguay, with more than 6 thousand employees in 39 plants. A consolidated company, with the purpose of improving quality of life through the development of innovative and sustainable solutions, in search of leadership in the plastic packaging market leadership in the Americas and recognition as a reference in circular economy, being one of the first companies in the world to sign the Global Commitment to the New Plastic Economy.