Italian investment firm Investindustrial is acquiring Delta Tecnic SA and plans to expand the masterbatch supplier via additional acquisitions.
Delta Tecnic is a specialty chemical manufacturer focused on custom color and additive masterbatch. It supplies numerous end markets including wire and cable, automotive and energy.
Delta Tecnic is currently owned by its founders Salvador Torras and Martí Baqués and other shareholders, but Investindustrial will fully own the company upon closing. Terms of the deal were not disclosed.
In 2023, Delta Tecnic posted annual sales of about 60 million euros ($65 million) and the company had more than 200 employees. It has customers in more than 60 countries with headquarters in Barcelona, Spain. It has two locations in Barcelona and one in Querétaro, Mexico, which opened in 2020.
Investindustrial is an Italian investment firm with plastics holdings including Arterex and Guala Closures. It previously owned PVC supplier Benvic, and it is currently in the process of buying auxiliary equipment supplier Piovan SpA.
Investindustrial officials said they plan to accelerate Delta Tecnic's international expansion, targeting acquisitions across Europe, North America and Asia.
"We are excited about Delta Tecnic's growth potential and look forward to supporting the company in the next phase of its growth, leveraging our deep industrial experience in transforming companies into global leaders as well as our operational enhancement teams in areas such as production and ESG [environmental, social, and governance]," said Andrea Bonomi, chairman of Investindustrial's advisory board, in a news release.
"We believe Delta Tecnic is the right platform to implement a further globalization strategy that is core across the businesses we invest in," Bonomi said.