BENVIC GROUP REACHES AN AGREEMENT WITH CELANESE FOR THE PURCHASE OF THE FERRARA MARCONI PLANT COMPOUNDING ASSETS
Ferrara, January 19, 2021 – Benvic Group, a European leader in the production of highly innovative PVC-based thermoplastic solutions and biopolymers, announces that it has reached an agreement with Celanese (NYSE: CE), a leading multinational in the production of chemical solutions and specialty materials, for the purchase of the compounding operations of the Ferrara Marconi plant and of certain assets dedicated to the worldwide production of Infill and Appliance PP and to the European Footwear business. Entirely dedicated to compounding activities – which consists of the production of polymeric compounds – the divestment of the Ferrara Marconi site is part of Celanese’s strategy to create a European Compounding Centre of Excellence at the company’s Forli Italian facility.
BENVIC CONTINUES TO EXPAND ITS BUSINESS INTERNATIONALLY WITH THE ACQUISITION OF LUC & BEL
Benvic expands its footprint in the medical industry thanks to the involvement of Investindustrial as its shareholders
Chevigny-Saint-Sauveur, September 15th 2020 – Benvic, a French group leader in the production of highly innovative PVC-based thermoplastic solutions and ecological biopolymers, has this month acquired a majority stake in Luc & Bel, an Italian company expert in the design and manufacture of complex medical components under Class 8 cleanroom conditions, serving major international clients. With this acquisition, Benvic further strengthens its position in the medical sector, where the Group has been active since the acquisition, in 2019, of Modenplast, an important and significant player in the compounding of medical PVC formulations, coupled with the extrusion of tubes and hoses for medical use, and headquartered in Modena. Furthermore, Luc & Bel will benefit from many synergies, offered by the international presence of Benvic and the expertise of Modenplast, thereby allowing Luc & Bel to accelerate its growth.