RadiciGroup Acquires an Engineering Polymer Solutions Business: RadiciGroup performance Plastics has agreed to acquire the engineering polymer solutions business of US-based Invista. Closing of the transaction is expected within 60 days.
The terms of the transaction were not disclosed.
The acquisition allows it to significantly increase its production capacity in the US and in Europe, where Invista currently has two production plants in Chattanooga, Tennessee, the US, and Born, the Netherlands, according to the company.
RadiciGroup expects to consolidate assets in Chattanooga with their existing manufacturing facilities in North America (Radici Plastics USA Inc., Wadsworth (OH) and Radici Plastics Mexico S. de R.L. de C.V., Mexico).
Moreover, the Group said it can take advantage of and synergistically combine competencies, know-how, technologies and advanced production facilities. OEM approvals will be valid and usable worldwide in industries such as automotive, electrical/electronics, industrial and consumer goods.
A further value added will be gained from the respective competencies in sales and brand positioning of the brands TORZEN and RADILON
Source : China Plastic & Rubber Journal
Tradition. Experience. Values. People. Passion. This is RadiciGroup, whose main key strength is the total control over its production chain, from polymers to yarns and engineering plastics.
To talk about RadiciGroup means looking back over a story that has so far lasted for more than fifty years, and that has witnessed the growth, development and transformation of a traditional textile company into a internationally-recognised Group.
We are a solid, reliable and flexible Group whose industrial activities have been marked by rapid growth.
It all began with a man, Pietro Radici, who started out travelling the roads of Europe with his gig loaded with blankets, and went on to set up a series of production operations that were to be the precursor of a true success story.
With Pietro’s son, Gianni Radici, RadiciGroup began a process of horizontal diversification in the 1950s, progressing from blanket producer to the production of rugs, fabrics, carpeting and car mats.
This diversification continued throughout the 1960s and 1970s.
Then with the development of new markets, from chemicals to polymers.
In the 1980s, the Group’s interest focused on synthetic fibres and a specialisation in industrial chemicals production. Radici Chimica S.p.A. came into being following the purchase of an ex-Montedison production site in Novara. The engineering plastics market expanded and new production technologies were created.
The 1990s saw yet more changes with the development of new strategic business areas, including that of Energy, and continued vertical integration.
The Family. This is one of RadiciGroup’s key strengths.
From Pietro’s gig and Gianni’s intuition and drive, to the challenges of his sons, Angelo, Maurizio, Paolo and Fausto. This is the story of a Group that has turned a family tradition into the secret of its international success.
Today, RadiciGroup’s mission is carried forwards by its Chairman, Angelo Radici, by its Vice Chairman, Maurizio Radici and by Paolo Radici.
RadiciGroup has total control over its production chain, from products such as adipic acid and polyamide 6 and 6.6 to yarns and engineering plastics. This control constitutes one of RadiciGroup’s key strengths.
