# Magic Pack (Gruppo Happy) secures 13 million euro seven-year financing for capacity expansion

Magic Pack (Gruppo Happy) obtained a 13 million euro seven-year loan from Finlombarda and Cassa di Risparmio di Bolzano to fund investments including new production capacity and recycling lines for expanded polystyrene food containers. The plant is in Gadesco Pieve Delmona, Italy.

- Type: Investment
- Announced: 2022-01-11
- Where: Gadesco Pieve Delmona, Italy
- Value: $14.7M (13.0M EUR)
- Status: announced
- Products: expanded polystyrene food containers
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md), [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Magic Pack](https://endata.com/companies/8784.md)
- [Finlombarda](https://endata.com/companies/8785.md) (investor)
- [Sparkasse - Cassa di Risparmio di Bolzano](https://endata.com/companies/8786.md) (investor)

## Sources

- [plastmagazine.it](https://www.plastmagazine.it/magic-pack-gruppo-happy-ottiene-un-finanziamento-di-13-milioni/), 2022-01-11: "Magic Pack (Gruppo Happy) ha ottenuto un finanziamento di 13 milioni di euro della durata di 7 anni da Finlombarda, società finanziaria di Regione Lombardia, e Sparkasse – Cassa di Risparmio di Bolzano."

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