Gabriel-Chemie Enters the Italian Masterbatch Market
With the acquisition of the Italian company TE.MA. s.r.l., Fara Gera d'Adda, the family-run business Gabriel-Chemie Group, Gumpoldskirchen, Austria, is continuing its expansion into southern Europe.While Gabriel-Chemie previously held a number of key accounts in Italy, the new subsidiary means that the company can now adopt a nationwide approach to market cultivation.
TE.MA. s.r.l. has been restyled as Gabriel-Chemie Italia s.r.l. and is a wholly owned subsidiary of the Austrian parent company, Gabriel-Chemie GmbH. The operational management of the subsidiary remains in the hands of the long-standing Managing Director and founder of TE.MA, Dr Afro Palla. Both sides have agreed not to disclose information about the purchase price.
The primary business of the Italian company is the production of color, additive and combination masterbatches as well as technical compounds. Other areas of specialist expertise include flame protection and stadium seating, which combine to produce excellent synergy with the expertise of the Gabriel-Chemie Group and generate additional growth potential. In addition to masterbatch production, the company also runs a modern laboratory with a strong emphasis on research and development, as well as a marketing organization.
The Austrian plastics company already has seven subsidiaries abroad and, following the recent foundation of Gabriel-Chemie Ibérica in December 2015, the new subsidiary founded in Italy is yet another important step in its growth strategy. Italy is the third largest market for thermoplastic materials in Europe and, according to official studies, has an annual demand of more than 120,000 t of masterbatches; a figure which is expected to increase by 8% up to 130,000 t a year by 2019.
Gabriel Chemie GmbH
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