Consistent with its vocation as a responsible company, the employment level at the Caserta site will not be impacted in any way, nor will the workers' contractual conditions be changed. The deal also lays a solid foundation for a strong partnership between the two entities through a 10-year R-PET plastic supply contract. Ferrarelle Società Benefit will continue to invest in recycled packaging solutions, with the ambition of reaching the threshold of 50% of R-PET used on the market total volumes in the next 5 years: nowadays the company is already the Beverage company to use on average more recycled plastic R-PET in its packages (37%) than the entire market. The closing of the deal, conducted with the support of the legal firms BDL and Perno & Cremonese, will take place on the 7th of November.
The recycled plastic sector is characterized by constant and rapid technological innovations, which require a specific industrial focus to ensure its virtuous and competitive development. Therefore, Ferrarelle Società Benefit - which has been concretely committed to making environmental sustainability one of its business strategic asset - has found in Aloxe the right partner with a strong recycling expertise.
"We strongly believe in the development of solutions and technologies for a responsible use of plastic materials, which are fundamental to our business. This transaction represents to us the most valuable action to achieve this goal."- stated Marco Pesaresi, General Manager of Ferrarelle Società Benefit.
"With this agreement we will be able to leverage on a partner that will accompany us on our path of sustainability and focus on our core business represented by the activities related to Food & Beverage."
"We aim to partner with leading FMCG’s and plastic packaging manufacturing companies to supply them with high-quality recycled PET; we will continue to work closely with Ferrarelle Società Benefit to support them achieving their ambitious sustainable packaging goals" said Arnaud Piroëlle, Aloxe’s Executive Director.
