EUROPE – Italian closures manufacturer, Enoplastic has entered into a strategic agreement with its French peer, Sparflex to merge both companies, creating a global leader in wine and spirits closure solutions.

The transaction has been approved by investment firm Cobepa, and the Moglia and Soutiran families – the shareholders of both companies

According to the companies, all the shareholders will remain heavily involved in supporting the group achieve its shared vision and strong ambitions.

The new company will be led by Enoplastic’s Michele Moglia, as chief executive officer, with backing from the Soutiran family and Pascal Soutiran, who retains his current responsibilities for Sparflex France and Spain.

Michele Moglia and Pascal Soutiran have set out their shared vision: “This merger supports our strategy of being as close as possible to markets, and it expands and enriches our ranges of products and services.

“The pooling of our human and industrial resources strengthens our ability to innovate, to be attentive and to put forward proposals to our customers and give them access to an ever more creative offer which is better suited to their needs.”

Founded in 1957 and headquartered in Bodio Lomnago, Northern Italy, Enoplastic is already a global leader in B2B manufacturing of closures for the wine & spirits industry with strategic partnerships in the supply chain.

The company leverages an Italian facility and 5 other local facilities in the US, New Zealand, Spain, Australia and France which empower exports in 60 countries worldwide mostly through a large direct commercial network.

Its product offering includes a wide range of closure solutions, such as capsules, synthetic corks, screw caps and seals. The company employs about 400 people.

Sparflex was established in 1984 in Epernay, northern France by Jocelyne and Michel Soutiran, Sparflexis the reference partner for the creation of premium and ultra-premium packaging for champagnes, sparkling wines, wines and spirits.

Sparflex designs, creates and produces customised foils, wire hoods and capsules from 7 production sites including 3 in France, 2 in Spain, 1 in the USA and 1 in Australia.

Currently, the company employes 550 people and has presence in nearly 65 countries.

With 13 production sites in 6 countries and a commercial presence in more than 90 countries, the two groups will consolidate their international influence while remaining local players through their brands Enoplastic, Sparflex, Le Muselet Valentin, Rivercap, Maverick, Vintacap and Pacifix.