The entry of The Compound Company into the Polieco group is deeply strategic for us », comments Cavaliere Luigi Tonelli, Chairman of Industrie Polieco, «The Compound Company has developed an extraordinary product such as Yparex, that represents an excellence in the field of technical compounds, and has a highly qualified team with an operational structure in the Netherlands and Germany that will allow us to accelerate our transformation into a truly multinational company. The experience and expertise of the Dutch and German management team are really important to tackling international markets with ambition and solidity ».
The Compound Company is a Dutch manufacturer specializing in high-performance polymer compounds and additives for numerous industrial sectors, including packaging, automotive, medical, solar and construction. The company is known for developing customized solutions, which are reflected in its leading brands, including Yparex (extrudable adhesive resins) and EcoForte (high-performance thermoplastic compounds). The Compound Company's offering includes toll compounding services, i.e. contract manufacturing in which the company blends base polymers with additives according to specific instructions to create customized plastic materials. Comprehensive innovation, including through collaboration with other cutting-edge companies. Flexibility and sustainability are at the heart of the Company's vision, which has production facilities in the Netherlands and Germany.
Industrie Polieco strengthens its international presence
The Compound Company will bring a portfolio of high-performance compounds to the Industrie Polieco group, including the Yparex brand, internationally recognized for its versatility and technical quality. The integration of these solutions will represent a significant strengthening of the group's expertise in materials innovation, expanding its offering to the most demanding sectors. The transaction will also enable the development of industrial, operational and commercial synergies: the production capacity in the Netherlands and in Germany will complement and enhance Industrie Polieco's existing network, improving overall efficiency and optimizing scale, R&D, purchasing, sales and logistics. Furthermore, the presence of a corporate and operational structure in the Netherlands and in Germany will represent a further step in the Company's multinationalisation strategy and will create a solid platform for future expansion. The contribution of The Compound Company's expected results will substantially contribute to Industrie Polieco's growth path, supporting the achievement of the target of exceeding €300 million in consolidated revenues and further strengthening the group's position among the leading European players in the advanced plastics sector.
The transaction is still subject to completion of the consultation process with the works council of The Compound Company in accordance with the Dutch works council act .
Industrie Polieco was assisted by Rembrandt M&A, EY, Gitti and Partners, De Metz Advocaten N.V., Van der Feltz Advocaten N.V. and by Melchers Rechtsanwälte Partnerschaftsgesellschaft mbB." width="280" height="360"/>
Picenum Plast S.p.A. , based in Magliano di Tenna (Fermo), has been operating since 1974 in the production of smooth PVC and PE pipes. The company closed the 2023 fiscal year with €48.2 million in revenue, €13.4 million in EBITDA, and over €6 million in net financial position (cash). Picenum Plast’s established expertise represents a strategic opportunity for Industrie Polieco to diversify its product range and reinforce its presence in the Italian market.
Luigi Tonelli, President of Industrie Polieco - M.P.B. , stated: “Entering the PVC pipe sector and the polyethylene pipe segment for the transportation of drinking water and gas is a natural evolution for Polieco, as we aim to meet market needs while maintaining a focus on innovation and sustainability. This acquisition confirms our growth strategy and commitment to creating value, supported by collaborations with top-tier industrial and financial partners. We are confident that the integration with Picenum Plast will create significant opportunities for both companies.”
Industrie Polieco - M.P.B. was assisted by RedFish LongTerm Capital as M&A advisor for strategic coordination, Gitti and Partners Law Firm for legal matters, and EY S.p.A. as financial and accounting advisors.
Picenum Plast was advised by Intesa Sanpaolo – IMI Corporate & Investment Banking Division as exclusive financial advisor, Mauro Bisci of B&B Consulting for organizing the due diligence process, and lawyers Avv. Germano Nicolini and Avv. Alfredo Tacchetti." width="280" height="360"/>
Industrie Polieco strengthens its international presence
The Compound Company will bring a portfolio of high-performance compounds to the Industrie Polieco group, including the Yparex brand, internationally recognized for its versatility and technical quality. The integration of these solutions will represent a significant strengthening of the group's expertise in materials innovation, expanding its offering to the most demanding sectors. The transaction will also enable the development of industrial, operational and commercial synergies: the production capacity in the Netherlands and in Germany will complement and enhance Industrie Polieco's existing network, improving overall efficiency and optimizing scale, R&D, purchasing, sales and logistics. Furthermore, the presence of a corporate and operational structure in the Netherlands and in Germany will represent a further step in the Company's multinationalisation strategy and will create a solid platform for future expansion. The contribution of The Compound Company's expected results will substantially contribute to Industrie Polieco's growth path, supporting the achievement of the target of exceeding €300 million in consolidated revenues and further strengthening the group's position among the leading European players in the advanced plastics sector.
The transaction is still subject to completion of the consultation process with the works council of The Compound Company in accordance with the Dutch works council act.
Industrie Polieco was assisted by Rembrandt M&A, EY, Gitti and Partners, De Metz Advocaten N.V., Van der Feltz Advocaten N.V. and by Melchers Rechtsanwälte Partnerschaftsgesellschaft mbB." width="280" height="360"/>
