Radici Acquires Invista's Engineering Polymers Business
On Monday, 12 September, RadiciGroup Performance Plastics, producer of polyamide, PBT, TPE and POM engineering plastics, and leading business area of RadiciGroup, an Italian manufacturing multinational, signed an agreement for the purchase of the Engineering Polymer Solutions business of the American company Invista. With this acquisition, RadiciGroup – a global producer of nylon, PBT, TPE and POM engineering plastics – will be able to further strengthen and expand its presence in both the American and European markets. The closing of the transaction is expected within 60 days.
This transaction represents an important step in RadiciGroup’s development plans. As already announced by the Group in the past months, its growth strategy includes acquisitions that could increase its market share in the nylon business. With the acquisition of Engineering Polymer Solutions, RadiciGroup Performance Plastics will be able to significantly increase its production capacity in the United States and in Europe, where Invista currently has two production plants (in Chattanooga, Tennessee, and Born, The Netherlands, respectively). RadiciGroup expects to consolidate assets in Chattanooga with their existing manufacturing facilities in North America (Radici Plastics USA Inc., Wadsworth (OH) and Radici Plastics Mexico S. de R.L. de C.V., Mexico). Moreover, the Group will be in a position to take advantage of and synergistically combine competencies, know-how, technologies and state-of-the-art production facilities.
RadiciGroup Performance Plastics
Would you like to subscribe to our Newsletters on plastics technology and profit from the latest information?
Looking for a new challenge? Check out our jobs market!
Patents encourage innovation: Stay on the ball with the latest innovations in the plastics industry in our patents section.