Nextalia to acquire 55% of Plastic Legno from the Sunino family

Nextalia Investment Management, a Milan-based financial investor, is acquiring a 55% stake in Plastic Legno, a plastic packaging manufacturer based in Castellamonte, Italy. Together with its subsidiary Resaplast, based in Conversano, Plastic Legno is being carved out of the existing group owned by the Sunino family and set up as an independent group focused on dimensionally stable food packaging.

Nextalia said the goal is to expand production capacity, open new markets and grow through further acquisitions in Italy and abroad. Financial terms were not disclosed.