Chemiplastica enters into agreement with Milan-based Chemical Intermediates Company
October 28, 2011 (PRLEAP.COM) Business NewsMILAN, ITALY - Chemiplastica has entered into an exclusive agreement to purchase 90% of the shares of Gruppo Chimico Dalton of Milan, a leading manufacturer and marketer of chemical intermediates and specialty additives.
Gruppo Chimico Dalton operates two production units in Italy, located in Limbiate (MB) and Buccino (SA). Both facilities are important producers of resins, specialty additives and chemical intermediates used in various applications including:
"This acquisition is a significant step by Chemiplastica Group towards meeting our stated mission of product diversification and complementing our current activities in resin manufacturing," Chemiplastica CEO Claudio Colombo said. "As we move forward, we will take advantage of synergies by combining the R&D, Quality systems and manufacturing expertise of the two companies."
Chemiplastica will also put its global sales & technical service team to good use, increasing the exposure of Dalton's chemical intermediates and other products and expanding sales beyond Dalton's current markets.
On the operational side, Chemiplastica plans to maintain and rationalize the managerial structure of Gruppo Chimico Dalton and provide additional support to ensure the Milan-based operation's viability as a strong entity in its market sectors.
Founded in 1984, Gruppo Chimico Dalton is a producer of high quality chemical intermediates, resins and specialty additives.
Chemiplastica is a manufacturer and marketer of thermoset molding compounds, with production facilities around the globe. Visit their site at www.chemiplastica.com.
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