NEWS ICIG buys Benvic Compounds
European compounder Benvic Compounds is to be sold to investment firm International Chemical Investors Group (ICIG), which also owns PVC producer Vynova, by current owner Investindustrial. The deal, which is subject to customary consultations and EU antitrust approval, is expected to close this year. It does not include Benvic’s Italy-based medical products businesses, which will be retained by Investinindustrial. Benvic Compounds develops, produces and markets thermoplastic compounds based primarily on PVC, but also produces specialty polyolefin,
Chroma Color shuts Ohio site
US-based colour and additive masterbatch supplier Chroma Color is to end operations at its plant at Delaware, Ohio, later this year. The company said all assets and current produc- tion will be integrated into its other sites, which are located at Salisbury and Asheboro in North Caro- lina, Leominster in Massa- chusetts, Lambertville and Newark in New Jersey, and McHenry in Illinois. Production at Delaware
is expected to end in late October, with the facility fully closing by the end of this year. �
www.chromacolors.com
www.compoundingworld.com
Left: Benvic’s acquisitions under Investindustrial’s ownership include the former Celanese compounding operation at Ferrara in Italy
Celanese’s compounding operations at Ferrara in Italy (2021), and acquiring UK-based Dugdale (2019). “Benvic has been
recycled and bio-polymer compounds. Sales amount to around €500m. “As a global player in thermoplastic solutions and one of Europe’s leading PVC compounders, Benvic Group will become ICIG’s second polymers platform, next to Chlorovinyls/Vynova,” said
ICIG managing Director Achim Riemann. Benvic was acquired by Investindustrial in 2018. Since then it has made a number of strategic acquisi- tions, including buying US-based compounders Trinity (2022) and Chemres (2021), purchasing much of
transformed under Investin- dustrial’s ownership over the last four years. Together we have taken the company to the next stage of its devel- opment, strengthening our global position in the compounding industry,” said Benvic CEO Luc Mertens. �
www.benvic.com
KD Feddersen invests in BioFiber
Germany-based KD Fed- dersen has acquired a minority stake in Biofiber Tech (BFT) via its Port F Corporate Innovation Lab, formed in 2021 to drive transition to a circular economy within the group. BFT is a Swedish
greentech start-up offering solutions in the field of
bio-based raw materials for various plastics applications and is seen as an ideal partner for the Feddersen Group, which has core competencies in develop- ment, production and distribution of ETPs. “The cooperation with
BFT is not just about a pure equity investment, but in
particular about the strate- gic cooperation between BFT and the subsidiaries of KD Feddersen Holding,” said Silke Hamm, responsi- ble for business develop- ment at Port F, who said the group hoped to get access to a high-quality bio-based material. �
www.portf.net
Celanese to sell Italian TPC unit
Specialty materials company Celanese has agreed to sell its TPC (thermoplastic copolyester) and polyester hotmelt unit at Ferrara in Italy to specialty compound- er Taro Plast. The deal includes the Pibiflex and Riteflex brands, as well as certain compounding assets from Celanese’s Forli facility.
Celanese originally
acquired the Donegani production unit at Ferrar from SO.F.TER Group in 2016. Multiple expansions have been made since then, including a third TPC reactor in April 2022 that upped capacity to 10,000 tonnes/yr. Celanese previously sold much of the compounding
at the Ferrara location to Benvic. This latest transac- tion results from the company’s upcoming acquisition of DuPont’s Mobility & Materials business. It expects to conclude this latest deal in Q4 of 2022. �
www.celanese.com �
www.taroplast.com
September 2022 | COMPOUNDING WORLD 5
IMAGE: BENVIC
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