September 28, 2024 10:35
Novapet, a Spanish polyester manufacturer and part of the Samca Group, has announced the acquisition of Envases Soplados (ENSO), a Portuguese company producing plastic packaging, including recycled materials, for the food industry.
This acquisition, completed with the sale of ENSO by GED Capital, strengthens Novapet's position in the PET value chain by integrating ENSO's three production facilities in Portugal. The expanded entity now operates five production plants across the Iberian Peninsula, employing 600 people and generating revenue exceeding 400 million euros.
The management team, led by Eugenio Real and José Óscar Martínez, will remain to ensure operational continuity.
ENSO was acquired by the private equity firm GED Capital in 2018, and in recent years has seen its revenue grow from 22 million to over 60 million euros projected for this year, while its workforce increased from 140 to more than 260 employees.
Founded in 1989, with three plants located in Andújar (Jaén), Marinha Grande, and Lordelo-Guimarães in Portugal, ENSO mainly produces custom PET containers for the food industry (excluding beverages), bag-in-box solutions, caps, closures, and preforms for packaging oil, honey, vinegar, sauces, cocoa, coffee, spices, biscuits, candies, and pickles, primarily through blow molding.
Before ENSO's acquisition, Novapet operated two plants in Spain, located in Barbastro (Huesca) and Fuenlabrada (Madrid), with 350 employees and a production capacity of 260,000 tons of PET.
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