Addiplast acquires a colouring unit from Toyo Ink
The specialist in technical polymers for the plastics industry, based in Haute-Loire, is taking over the business of the Japanese company Toyo Ink Europe Speciality Chemicals, located in the Oise region.
The European specialist in the formulation and manufacture of technical polymers for the plastics industry, Addiplast Group, is taking over Toyo Ink Europe Speciality Chemicals in Villers-Saint-Paul (Oise) on 1 April. This is a colouring unit for plastics, created in 2008 by the Japanese listed group Toyo Ink, which also produces high performance pigments for LCD screens and industrial machines in Seine-Maritime.
The deal brings 33 employees and €12 million in additional sales to the family-owned company from Auvergne, which generated €33 million in its last financial year (ending March 2020) and has a workforce of over 140. It is aiming for 50 million euros by 2023.
New markets for Addiplast Group
This site in Hauts-de-France, renamed “Addicolor”, is in addition to those already operating in Saint-Pal-de-Mons and Sainte-Sigolène, in Haute-Loire, and to its research centre with around ten engineers and colour technicians. It brings its capacity to 40,000 tons and provides it with know-how in the formulation of colour additives. Denis Chantegraille, President of Addiplast Group, explains that the operation strengthens its position as European leader in technical specialty compounds and allows it to position itself on new markets, such as technical surface protection film and PET food packaging.
The company specialises in the formulation, manufacture, fireproofing and colouring of polypropylene, polycarbonate and polyamide compounds used in plastic injection moulding in the form of granules, and targets the automotive, electrical engineering, electronics, luxury cosmetics, healthcare and chemical markets. In product supply or service provision.
Recycled or bio-based material
“In recent years, we have been developing ingredients based on recycled materials, with a limited carbon footprint or biosourced, notably from wood fibre, miscanthus or castor oil,” adds the head of Addiplast Group, who is also in the process of buying back, with his family shareholders, the 14% of the company’s capital that has been held since 2015 by BPIFRANCE and Sofimac Partners.
Article written by Denis Meynard – Les Echos and translated by Addiplast Group.