# Valgroup acquires Garda Plast Group, expanding Italian PET preform business

Valgroup announced the acquisition of Garda Plast Group, formed from Garda Plast and IFAP, which produces PET and rPET preforms. The deal, led by Progressio SGR, strengthens Valgroup's presence in Italy.

- Type: Acquisition
- Announced: 2023-10-25
- Where: Polpenazze del Garda and Palmanova, Italy
- Status: announced
- Products: PET preforms, rPET preforms
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md), [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Progressio SGR](https://endata.com/companies/1693.md) (investor)
- [Progressio SGR](https://endata.com/companies/1693.md) (partner)
- [Garda Plast](https://endata.com/companies/1694.md) (target)
- [Valgroup](https://endata.com/companies/11151.md) (acquirer)
- [IFAP](https://endata.com/companies/11164.md) (target)

## Sources

- [valgroupco.com](https://www.valgroupco.com/en/institucional/valgroup-expande-suas-operacoes-no-mercado-italiano-de-preformas-pet-com-a-aquisicao-do-grupo-garda-plast/), 2023-10-25: "Valgroup, one of the largest producers, transformers and recyclers of plastic packaging, announces the acquisition of Garda Plast Group (GP Group)."
- [aziendabanca.it](https://www.aziendabanca.it/notizie/legal/la-brasiliana-valgroup-acquisisce-garda-plast-e-ifap-da-progressio-sgr), 2023-10-30: "Il gruppo italo-brasiliano Valgroup ha acquisito il 100% di Garda Plast e IFAP."

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