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10-27-2008

SO.F.TER. Acquires Matrixx Europe

The Italian compounder SO.F.TER SpA, Forlì, has acquired Matrixx Europe Srl, the European subsidiary – with headquarters in the Mantua district, Italy – of the American compounder Matrixx Group Inc.

Matrixx Europe, with two production sites in Marcaria and Castelgoffredo (where it acquired Pozzi Plast in 2006) is specialised in the production of thermoplastic resin compounds for a wide range of applications, based on Polyamide 6 and 66, PBT and Polypropylene matrix. The company has an installed capacity of approximately 15,000 tons/year, with a staff of about 30 persons.

Matrixx Europe, whose projected sales for the current year amount to EUR 20 million, will be incorporated in Freedom Holding SpA, the Company which controls the SO.F.TER. Group, dating from October 2008.

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