Socopet

Socopet

Packaging manufacturer with a focus on an unique technology, developed specifically for the food market.

HQ location
Tortona, Italy
Launch date
Employees
Enterprise value
$9m
Company register number
AL0259496
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DateInvestorsAmountRound
*

€530k

Valuation: €8.0m

1.4x EV/Revenue

33.6x EV/EBITDA

Seed
Total Funding000k

Financials

Estimates*

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Revenues, earnings & profits over time
EUR2017201820192020202120222023
Revenues0000000000000000000000000000
% growth145 %36 %86 %33 %51 %83 %19 %
EBITDA0000000000000000000000000000
% EBITDA margin4 %24 %20 %17 %7 %5 %-
Profit0000000000000000000000000000
% profit margin1 %12 %13 %9 %3 %-3 %
EV0000000000000000000000000000
EV / revenue00.0x00.0x00.0x00.0x00.0x00.0x00.0x
EV / EBITDA00.0x00.0x00.0x00.0x00.0x00.0x00.0x
R&D budget0000000000000000000000000000

Source: Company filings or news article

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More about Socopet
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Established in 2015, Socopet S.r.l. is an Italian manufacturer of eco-conscious PET packaging, positioning itself as a key player in the shift from traditional materials like glass. The company operates from a strategic logistics location in Tortona, enabling efficient service to industrial clients in Northern Italy. Socopet was founded by Marco Petrini, who serves as the CEO. His leadership has guided the company from a startup to an innovative small-to-medium enterprise (SME) focused on significant annual investments in research and development.

The company’s business model is centered on the production and sale of 100% recyclable, recycled, or biodegradable plastic packaging. Socopet serves a diverse client base, including major international brands primarily in the food and beverage sector (85%), with smaller portions in pharmaceuticals (10%) and cosmetics/detergents (5%). The business has demonstrated strong market traction, highlighted by a 74% average annual revenue growth over its first six years and a record of never losing a client. The company's production facility operates 24/7, and it offers integrated logistics services from its 15,000-square-meter factory. Growth strategies have included organic client acquisition and strategic acquisitions, such as Januaplast in 2022 and Nuova Socoplas in 2023, to broaden its product range.

Socopet's flagship product is SocoJars®, a proprietary PET packaging technology developed to offer a viable alternative to glass for the food industry. The key features of SocoJars® are its high thermal resistance, allowing for hot-fill processes typical in food production, and a strong oxygen barrier that ensures product shelf-life comparable to glass. This barrier is achieved by modifying the PET at the polymer level, which, unlike multilayer technologies, maintains the material's high recyclability within the standard PET stream. This technology is for Socopet's exclusive use in Italy. The company has also developed the patented S.A.F.™ technology to enter the tomato puree market by eliminating the need for a pasteurization phase. Socopet has successfully raised capital through multiple equity crowdfunding rounds to fuel its expansion.

Keywords: PET packaging, SocoJars, sustainable packaging, food packaging, hot-fill PET, oxygen barrier packaging, glass alternative, recyclable packaging, Marco Petrini, Italian packaging manufacturer, eco-friendly containers, circular economy, food grade PET, recycled PET, blow-molded packaging, PET jars, squeezable bottles, packaging innovation, pharmaceutical packaging, cosmetic containers

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