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

Asahi Kasei breaks ground on Alabama compounding plant

September 29, 2014 5:39 pm ET

Asahi Kasei Plastics North America will be able to solve two problems at once with a new compounding plant in Athens, Ala.    More

Image

Sigma's Packworx center geared at helping customers solve problems

September 29, 2014 3:41 pm ET

Sigma Stretch Film has opened a training center to help customers find the best solution to using the packaging films.    More

Image

DuPont shifting Teflon production in China

September 29, 2014 2:35 pm ET

DuPont Co. will spend more than $15 million to improve its fluoropolymer product offerings in China.    More

Image

Early decision on 3-D motion technology goes to National Graphics

September 29, 2014 2:29 pm ET

Even without super powers, technology firm National Graphics Inc. has won a decision in a patent challenge vs. a rival company.    More

Image

Sale of PVC maker Oltchim still in limbo

September 29, 2014 10:25 am ET

Fresh attempts to privatize insolvent Romanian PVC producer Oltchim SA have met with new obstacles as the European Union questioned the Romanian gover...    More

Market Reports

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 industry analysis highlights macro industry trends and micro trends faced by companies that do business in Mexico. The report also provides key industry statistics and forecasts to anticipate future industry expansion.

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

Injection Molders Market Report & Ranking 2014

This special package contains our 132-page 2014 Market Report on the Injection Molding segment and our exclusive 2014 RANKINGS database of 500+ Injection Molders for a discounted package price.

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