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01-25-2010

Radici: Acquisition of MDE Concluded

RadiciGroup officially concluded the acquisition of American compounder Michael Day Enterprises Inc. on 15 January. This investment will enable the Group to gain market share and strengthen its position in the American plastics market, moving another step ahead in its globalization process.

Thanks to this acquisition RadiciGroup will be present locally in a notoriously conservative market that demands products made in the USA. Moreover, the company will become the owners of a significant number of American automotive certifications, which are vital to start new projects, especially in the United States.

RadiciGroup has been engaged in the plastics business since 1981 and subsidiary Radici Plastics USA Inc. has been operating in the United States for more than ten years. The RadiciGroup Plastics Area has 400 employees worldwide; it forecasts 2010 sales of EUR 180 million.

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