# Oxy Capital takes control of Italy's Manuli Stretch in relaunch deal

Oxy Capital agreed to take an 80% stake and operational control of Italian flexible plastic packaging maker Gruppo Manuli Stretch, with Credito Fondiario providing a 12 million euro super-senior loan. The group will be renamed Gruppo M Stretch.

- Type: Acquisition
- Announced: 2018-09-27
- Where: Italy
- Status: announced
- Capacity: 150,000 tons production capacity
- Products: flexible plastic packaging
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Oxy Capital](https://endata.com/companies/3942.md) (acquirer)
- [Gruppo Manuli Stretch](https://endata.com/companies/3943.md) (target)
- [Credito Fondiario](https://endata.com/companies/3944.md) (investor)

## Sources

- [bebeez.eu](https://bebeez.eu/2018/09/27/oxy-capital-takes-control-of-manuli-stretch-and-starts-a-relaunch-plan-with-help-by-credito-fondiario/), 2018-09-27: "Oxy Capital takes control of Manuli Stretch and starts a relaunch plan with help by Credito Fondiario"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.