The operation was announced shortly before the lockdown, the closing officialises the creation of an all-Italian leader in the polymer supply chain for special applications
Versalis announces the conclusion of the acquisition of the 40% stake in Finproject from the VEI Capital fund. Eni's chemical company thus enters the sector of applications of high-performance formulated polymers and extends its positioning towards businesses more resilient to the volatility of the chemical scenario.
The work to complete the operation during the lockdown has never stopped and today Versalis starts an industrial partnership with a group, such as Finproject, leader in the production of crosslinkable and thermoplastic compounds and in the molding of products for the footwear sector and products in ultralight materials with the XL EXTRALIGHT® brand.
«We are really satisfied to have concluded this strategic operation with a valuable Italian company such as Finproject - declared Daniele Ferrari, CEO of Versalis (Eni) - There are many opportunities that will see us engaged together for the development of highly innovative products and with a vision aimed at growth in the name of sustainability and the circular economy ».
The Versalis-Finproject operation effectively creates a new industrial competence center on special plastic materials which will play a leading role in the development of the sector in Italy and worldwide. Finproject's positioning on the market for high value-added applications integrates with Versalis' technological and industrial leadership in chemistry, creating a chain of undoubted value.
Together they will develop new materials with an approach aimed at sustainability and circularity, to create solutions capable of bringing innovation in countless strategic sectors such as wire and cable, footwear, automotive, design, fashion and many other industries under development.