FEBO
Takeover of Guberti / Expansion of engineering and high-performance plastics division
According to media reports, Tuscan compounder and distributor of plastics Febo (Serravalle Pistolese, Italy; www.febo.it) has bought competitor Guberti (San Vendemiano, Italy; www.guberti.it). No statement, or information on the purchase price, could be obtained from the companies.
 Object of desire: Guberti has been bought by Febo (Photo: Guberti) |
“Within the next two years we want to become the market leader for engineering plastics in Italy,” Febo managing director Carlo Monti was quoted as saying. Founded in 1958, Febo has an Italy-wide distribution network, for example for materials from Versalis, LyondellBasell, and Kem One. Group-wide, Febo has an annual turnover of about EUR 300 mn, of which about EUR 50 mn has so far come from engineering thermoplastics.
Related: Italian distributors Leonardi and Guberti create joint venture, GL Solutions
The acquisition is expected to further increase this share. Founded in 1952, Guberti specialises in the compounding and distribution of engineering and high-performance thermoplastics.
06.04.2023 Plasteurope.com 1121 [252549-0]
Published on 06.04.2023
German version of this article...