Sirmax grows with acquisitions: taken over the friulan Nord Color

20/04/2016

Sirmax SpA continues the strategy of growth through acquisitions. After the 25.6 million dollars greenfield investment at the beginning of the year for the first plant in the United States (Anderson, Indiana), it is now time for shopping in Italy to acquire growth, know how and market share. The company from Padua, active for 50 years, with the headquarters located in Cittadella, is the 6th European producer of Polypropylene compound and engineering plastic compound for the sectors of automotive, domestic appliances, electronics and power. It has taken over 100% Nord Color Srl from San Vito al Tagliamento (Pn), reference company in the market of high performance technopolymers for automotive, electric and electronic, furniture and constructions and sport & leisure. With the takeover of Nord Color Srl, Sirmax SpA consolidates the growth strategy as well as completing and reinforcing their own product range in the branch of technopolymers backing up their PP compound core business. Nord Color Srl (70 employees) is a company located in San Vito al Tagliamento, started in 1981, with more than 30 years of experience in development, production and commercialization of thermoplastic compounds for technical purposes. 2015 revenue is close to 35 million Euros and engineering plastics compound production capacity of 12,000 tons a year. Sirmax Spa closed 2015 with a +20% production (132,000 ton) and 210 million euros revenue (+31%). The US plant startup and Nord Color acquisition will account for the 2016 forecast of 175,000 tons (including 28,000 ton of engineering polymers) and 260 million euros revenue, in line with the 300 million euros target set for 2018.

 

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Sirmax
Sirmax S.p.A. - Via dell'Artigianato, 42 - 35013 Cittadella (PD)
P.Iva 00168180248 - Cap. soc. 10.000.000 euro i.v. - R.E.A. VI 91334
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