TAGS: Reactive Adhesives Hot-melt Adhesives Polyurethane Adhesives
COIM, an Italian specialty chemicals manufacturer has acquired a controlling stake in the Spanish company Neoflex. Neoflex specializes in one-, two-component and reactive hot melt polyurethane adhesives for industries.
“This strategic acquisition will allow COIM to strengthen its presence in the polyurethane adhesives market,” said Giuseppe Librandi, president and CEO of COIM. “The downstream integration of our polyesters will allow us to decisively enter a high value-added and growing specialty market,” added Librandi.
“There are many synergies with COIM: Neoflex provides solutions with a low-environmental impact that also use raw materials COIM already produces. In addition, by joining a structured Group like COIM, Neoflex
customers will be able to be served not only at the national and European level, but in all regions of the world where they operate,” explained Librandi.
Offers Evolving Range of Adhesives
With Neoflex’s intensive research and development, it is able to offer clients a complete and constantly evolving range of adhesives, covering traditional applications and moving towards the most innovative production processes.
Neoflex solutions are used in a number of processes in wood-furnishing, textiles, automotive, publishing and construction, in order to make products such as door and window frames, wood floors, furniture, fabrics for technical garments, books and sandwich panels for the construction industry.
COIM has always pursued an expansion strategy aimed at
intensifying its global presence through subsidiaries and production facilities in local markets, with a product mix that changes according to the types of industries that operate in the individual areas.
“
We have a ‘products follow the market’ approach. It has been, and continues to be, the determining factor for COIM’s success all over the world,” said Giuseppe Librandi.
“
In addition to internal growth, another key factor in the Group’s expansion is our policy of acquisitions with downstream integration in order to further expand our product portfolio, as we have seen with our very recent acquisition of Neoflex in Spain,” concluded Librandi.
Source: COIM