Koinos: Masterbatch and Ultrabatch become Impact Formulators

The Milan-based investment company Koinos Capital is forming the new Impact Formulators Group from the two Italian masterbatch and additives manufacturers Masterbatch S.r.l. and Ultrabatch S.r.l..

Koinos announced this after completing the acquisition of 100 per cent of the shares in Masterbatch last month. The investment company had already acquired a majority stake in Ultrabatch in July of this year. The financial volume and further details of these transactions were not disclosed. However, according to Koinos, managers from both companies have also acquired a direct stake in the new holding company in return.

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Masterbatch S.r.l. is based at the Casei Gerola site between Milan and Genoa and primarily produces flame-retardant additives and masterbatches as well as nucleating additives and so-called combibatches, which combine colour masterbatches with the effect of other additives. The company has a total production capacity of around 1,700 tonnes per year and achieves an annual turnover of Euro 12.5 million, around half of which is generated outside Italy.

Ultrabatch S.r.l., based in Castano Primo near Milan, is one of Italy's leading manufacturers of additives and masterbatches for plastics applications in the agricultural and industrial sectors. In the 2022 financial year, the company generated sales of more than 30 million euros.

Koinos partner Francesco Fumagalli explained in the current press release: "The acquisition of Masterbatch gives shape and substance to our vision. When we acquired Ultrabatch in July, we had a clear vision of creating an Italian industrial group with strong international ambitions, which is innovative and has extensive expertise in the masterbatch market. This is now a reality."

Fumagalli also announced that the Impact Formulators Group would be acquiring other companies in the industry in the coming months. The focus will primarily be on companies in the colour masterbatch and additive segment for PET, polyolefins and engineering thermoplastics. The new group of companies is expected to double its current pro forma turnover of around Euro 42 million by 2025.

More information: koinoscapital.com, www.masterbatch.it, www.ultrabatch.it

Koinos Capital, Milan, Italy

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