Nexam Chemical Acquires Plasticolor Sweden
Nexam Chemical, Lund, Sweden, has signed an agreement to acquire all shares in the privately owned company Plasticolor Sweden AB, Lomma, for a total of SEK 116 million, of which SEK 22.2 million is paid through new shares in Nexam Chemical Holding AB (publ).
Plasticolor is an internationally established manufacturer of masterbatch products to the plastic industry and has production facilities in four countries. Through the acquisition, Nexam Chemical ensures access to high-class production capacity, which means that the company can expand its product portfolio and accelerate its growth. Nexam Chemical and Plasticolor complements each other and enables the introduction of Nexamite Multifunctional Masterbatch (NMMB), where a number of additives are packaged together with Nexamite in a masterbatch.
Plasticolor currently employs around 30 persons and has a turnover of approximately SEK 86 million with an operating margin of 15 %. The acquisition of Plasticolor gives Nexam Chemical production resources and technology that enables for additional product opportunities and improved margins. It also give access to new customers and market segments in addition to the three areas, polyethylene pipes, polyester foams and high performance applications, which is Nexam Chemicals focus today. The acquisition also include a number of properties together with manufacturing equipment.
Nexam Chemical Holding AB
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