Domo Chemicals buys Italian BOPA and PET film specialist

Richard Higgs
EUROPEAN PLASTICS NEWS

Published: July 9, 2014 9:43 am ET
Updated: July 9, 2014 9:47 am ET

Image By: Domo Chemicals Domo Chemicals already produces nylon and polypropylene in Europe, China and the U.S.

Related to this story

Topics Materials, Mergers & Acquisitions, Materials Suppliers

Belgian nylon producer Domo Chemicals has boosted its integrated product portfolio with the purchase of Italian specialty films maker CFP Flexible Packaging for an undisclosed sum.

 CFP of Cesano Maderno near Milan, a specialist producer of nylon 6 film, biaxially oriented polyamide (BOPA) and PET films for food and healthcare packaging, operates two Italian plants at Ceriano Laghetto and Cesano Maderno.

 The Italian company, a leading BOPA film producer in Europe with a 100-strong workforce and sales last year of 50 million euros ($68 million), was sold by London-based private equity firm Bridgepoint Capital. It acquired CFP in 2002 for 120 million euros ($163 million) from the Italian diversified industrial group SNIA SpA.

 CFP recently announced a plan to invest nearly 38 million euros ($51.7 million) to construct a BOPA films plant in Krakow, Poland by the end of 2018. Bridgepoint described CFP as Europe’s lowest cost specialty films producer and nylon films market leader.

 Domo Chemicals, an integrated global group manufacturing nylon intermediates, including caprolactam, as well as nylon 6 resins and engineering plastics, already ran two plants in Germany, one in Italy and one each in China and the U.S. 

 “With the acquisition of CFP Flexible Packaging ... we are strengthening our nylon 6 value chain and growing our portfolio of innovative products and services,” Domo commented after the announced takeover. 

 At Leuna in Germany, Domo has a nylon intermediates and nylon resins plant, while the firm produces engineering plastic nylon and polypropylene compounds on sites at Premnitz, Germany; Arco in Italy; Jiaxing in Zheijiang province, China and at Cartersville, Ga.  

Ghent, Belgium-based Domo, part of the holding company Domo Investment Group, has an annual sales of 900 million euros ($1.2 billion) and employs an 825-strong workforce. 


Comments

Domo Chemicals buys Italian BOPA and PET film specialist

Richard Higgs
EUROPEAN PLASTICS NEWS

Published: July 9, 2014 9:43 am ET
Updated: July 9, 2014 9:47 am ET

Post Your Comments


Back to story


More stories

Image

Comar merging with Convergence Packaging

October 21, 2014 5:07 pm ET

A couple of plastic packaging companies owned by private investment firm Graham Partners are merging into a single entity.    More

Image

Celanese buys conductive polymer supplier

October 21, 2014 4:31 pm ET

Materials firm Celanese Corp. has acquired most of the assets of conductive polymers maker Cool Polymers Inc. for an undisclosed price.    More

Image

Report: SVP takes Klöckner Pentaplast off the market

October 21, 2014 4:19 pm ET

Plastic sheet leader Klöckner Pentaplast Group is no longer for sale, according to an Oct. 21 Reuters article.    More

Image

Wisconsin cast film maker buys Ohio blown film specialist

October 21, 2014 2:57 pm ET

A Midwest U.S. acquisition has created a company armed with two distinct film technologies: cast films and coextruded blown film constructions.    More

Image

BASF targets coffee and automotive connoisseurs with new resin grades

October 21, 2014 2:07 pm ET

BASF SE is using polybutylene terephthalate (PBT), which is normally used to manufacture high-end electronics, in a food consumer packaging product.    More

Market Reports

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 million dollar plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events