Following regulatory approval of the deal, Italian chemical company Versalis has completed the acquisition of compounder Tecnofilm.
Tecnofilm, a family-owned Italian company based in the Marche region, manufactures functionalized polyolefins and thermoplastic compounds based on plastics and elastomers, mainly for the footwear and technical goods industries.
Founded in 1972, Tecnofilm has expanded its product portfolio over the years to offer a wider range of compounds and functional polymers for various industrial applications and technical articles. The company has patented several of its products.
Adriano Alfani, CEO of Versalis said: “The acquisition of Tecnofilm further strengthens Versalis’ business specialization strategy. To this end, it offers the opportunity to expand and specialize our product portfolio by integrating downstream supply chain activities in elastomer-based compounding, particularly in the industrial applications and footwear sectors. We are already a leading player across this supply chain with Finproject, to which Tecnofilm will be highly complementary.”
Source: chemanager-online.com
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