Eurovetro Srl, through the sale of a majority stake to Quarzwerke Group, is entering into a partnership to internationalize its business and strengthen the sustainable raw materials supply chain. The Italian company will continue to be a reliable partner for customers and employees in the future, thanks to the ongoing operational involvement of the Galli family, which will remain at the helm of the company.

Eurovetro Srl, based in Origgio (Varese, Italy), has been active in the glass recycling sector for almost 70 years, while the German Quarzwerke Group has been operating in the European mineral raw materials industry for over 140 years.

Eurovetro was advised by the Mid Cap Advisory team of EQUITA, the Italian partner of Clairfield International, as financial advisor, by the law firm Carbone D'Angelo Portale Purpura for legal matters, and by the firm Russo De Rosa Associati for tax aspects related to the transaction. Quarzwerke was advised by KPMG on financial and tax matters and by the law firm Dentons on legal matters.

Eurovetro, with a turnover of more than 50 million euros, has been in the glass recycling business for almost 70 years, with 3 production plants in Italy. The company collects and processes glass waste to produce new granulates and sands from recycled glass. Once remelted, these secondary raw materials become the key ingredient in producing new glass bottles and jars — making a direct and lasting contribution to the sustainability of the glass industry. In addition, new uses for recycled glass will continue to grow as investment in R&D increases – both within the glass industry and in other industries.

Quarzwerke Group, with sales of more than 500 million euros, has been a key European producer of mineral raw materials for over 140 years. As an independent, family-managed company, Quarzwerke combines high-quality raw material resources with state-of-the-art, efficient processing technologies, and is guided by principles of sustainability and environmental responsibility. The company’s core focus lies on the production and processing of premium mineral raw materials. In particular, quartz, kaolin, feldspar, and wollastonite are refined into more than 700 different quality products, including high performance fillers, and sold in over 50 countries worldwide.