Past Portfolio Companies - Investments

Sirap Group

Established in 1957, Sirap operates in the fresh food container sector in Europe.

Sirap Group (100% owned by Italmobiliare since the '90s - in 2016, Italmobiliare acquired Sirap from Italcementi), a producer of rigid plastic packaging for food applications, has reached in 2021 four strategic agreements with industrial players to sell all its assets:

  • In January 2021 Sirap Group has sold all its operational assets in Italy, Spain and Poland to Faerch Group
  • In April 2021 Sirap Group has sold to Zeus Packaging the Petruzalek business unit, active in the distribution of packaging materials in Austria, Germany and Eastern Europe
  • In November 2021, Sirap Group sold its UK assets to food packaging specialist PFF Group
  • In November 2021, Sirap Group sold its assets in France to food packaging group Gruppo Happy

The overall transaction is in line with Italmobiliare strategy to exit the plastic packaging sector and confirms the ability to enhance the full industrial value of companies and an effective strategy of portfolio rotation.