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08-11-2010

SO.F.TER.: To Lease P Group

SO.F.TER. SPA, Forlì, Italy, has signed a lease agreement with P Group, an important Italian compounder specialized in the production of Engineering Plastics renowned for their high quality and technological level. P Group is based in Ferrara, where the plants for the compounding of polypropylene, PBT and polyamide are located. The company also has a sales office in Germany and a distribution network covering several world countries.

This agreement is a further step in the strategy adopted by SO.F.TER. since 2008 with the acquisition of Matrixx Europe and it will also broaden SO.F.TER.’s portfolio in the field of reinforced plastics, in which P Group is specialized with the Tecnoprene products, a brand that is acknowledged worldwide and homologated by the most important operators in the automotive business. Besides, the integration of copolyester, under the Pibiflex brand name, will complement SO.F.TER. Thermoplastic Elastomers range and allow an approach to new market segments.

SO.F.TER. has already completed other two acquisitions in 2010, the first one regarding Heraflex P products for winter sports footwear and the second one regarding Terra XPS products, a TPE pellet for the infill of artificial sport pitches in which SO.F.TER. has become the world leader.

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