COIM
Acquisition of controlling stake in PU adhesive maker Neoflex
 Coim expands with Spanish acquisition (Photo: Coim) |
Italian PU system specialist Coim (Settimo Milanese; www.coimgroup.com) said it has taken a majority stake in Spain’s Neoflex (Elche; www.neoflex.es), a move completed in April 2021. The Spanish company specialises in one- and two-component adhesives and reactive hot melt products, according to Coim.
Coim president and CEO Giuseppe Librandi said, “The downstream integration of our polyesters will allow us to decisively enter a high value-added and growing speciality market.” Both companies are hoping for strong synergies, with Neoflex expected to use Coim to promote exports to international markets.
Coim president and CEO Giuseppe Librandi said, “The downstream integration of our polyesters will allow us to decisively enter a high value-added and growing speciality market.” Both companies are hoping for strong synergies, with Neoflex expected to use Coim to promote exports to international markets.
09.07.2021 Plasteurope.com [248058-0]
Published on 09.07.2021
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