By Plasteurope.com staff

Just six months after founders Salvador Torras and Martí Baqués acquired the outstanding 40% in Spanish masterbatch specialist Delta Tecnic (Sant Celoni; www.deltatecnic.com), the company is being transferred to the hands of an investment group. A fund of the investment company Investindustrial (London; www.investindustrial.com) is acquiring 100% of Delta Tecnic. The background to the transaction or the amount of the purchase price were not disclosed. 

In addition to the main plant in Sant Celoni near Barcelona, Delta Tecnic has another production facility in Spain and a plant in Mexico. The total of 22 production lines most recently had a capacity of 18,000 t/y. With around 200 employees, Delta Tecnic generated revenues of EUR 60 mn last year – unchanged from the year prior. The company generates 80% of its sales with additive and colour masterbatches, primarily for the cable and PVC industry. The remaining 20% comes from smaller trading activities.  

Related: Spanish masterbatch specialist Delta Tecnic raises revenue

The portfolio of Investindustrial – which has already attracted attention several times with transactions in the plastics sector – currently includes Italian closure manufacturer Guala Closures (Spinetta Marengo; www.gualaclosures.com).