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01.07.2021

Pulcra Chemicals achieves first Acquisition with Devan

Pulcra Chemicals, with headquarters in Geretsried (Germany) has announced its first acquisition in its history by acquiring fellow-industry player Devan.

Devan, with origins since 1977 and Belgian headquarters, is since 2013 owned by Pentahold (a Belgian private equity fund). Devan is known from its antimicrobial range BI-OME, its large sustainable track record with a.o. probiotics solutions, a wide range of recently introduced bio-based textile finishes and a long standing in Thermoregulation and Flame Retardants. Devan has offices in the UK, Portugal, the US and a team in Shanghai.

The acquisition price will not be disclosed.

Pulcra Chemicals, with headquarters in Geretsried (Germany) has announced its first acquisition in its history by acquiring fellow-industry player Devan.

Devan, with origins since 1977 and Belgian headquarters, is since 2013 owned by Pentahold (a Belgian private equity fund). Devan is known from its antimicrobial range BI-OME, its large sustainable track record with a.o. probiotics solutions, a wide range of recently introduced bio-based textile finishes and a long standing in Thermoregulation and Flame Retardants. Devan has offices in the UK, Portugal, the US and a team in Shanghai.

The acquisition price will not be disclosed.

Source:

Pulcra Chemicals

24.06.2021

Lectra: Acquisition of Neteven

Lectra announces the signature of an agreement to acquire the entire capital and voting rights of the French company Neteven.

The transaction concerns the acquisition of 80% of Neteven for 12.6 million euros right now. The acquisition of the remainder of capital and voting rights will take place in June 2025, for an amount between 0.6 to 0.9 times 2024 recurring revenues.

Founded in 2005, Neteven has developed a particularly innovative offer, based on a SaaS platform and associated services, which enables brands to simplify and effectively monitor the distribution of their products on the world’s largest online marketplaces.

The SaaS platform centralizes the product catalog and information on stock levels, sales prices and orders, in order to automate and facilitate distribution on online marketplaces.
Neteven helps its customers save time when managing their distribution channels and gain greater local and international visibility of their products in order to reach more consumers. The Neteven team provides its technological and services expertise to prestigious brands to help them optimize their e-commerce strategy.

Lectra announces the signature of an agreement to acquire the entire capital and voting rights of the French company Neteven.

The transaction concerns the acquisition of 80% of Neteven for 12.6 million euros right now. The acquisition of the remainder of capital and voting rights will take place in June 2025, for an amount between 0.6 to 0.9 times 2024 recurring revenues.

Founded in 2005, Neteven has developed a particularly innovative offer, based on a SaaS platform and associated services, which enables brands to simplify and effectively monitor the distribution of their products on the world’s largest online marketplaces.

The SaaS platform centralizes the product catalog and information on stock levels, sales prices and orders, in order to automate and facilitate distribution on online marketplaces.
Neteven helps its customers save time when managing their distribution channels and gain greater local and international visibility of their products in order to reach more consumers. The Neteven team provides its technological and services expertise to prestigious brands to help them optimize their e-commerce strategy.

More information:
Lectra, PLM
Source:

Lectra

17.06.2021

Riri announces the acquisition of Amom

Riri has completed an important acquisition, leading to the consolidation of the Group’s position in the luxury accessory sector, which represents a significant add-on to develop new skills and production with an extended offer now including bijoux.

The journey towards the creation of a single centre of excellence involved in designing, developing and manufacturing high fashion accessories has taken another step forward. With Amom joining the Group, Riri’s growth strategy has achieved another major goal: a comprehensive range of products now embracing zippers, buttons, metal components and bijoux.

Riri has completed an important acquisition, leading to the consolidation of the Group’s position in the luxury accessory sector, which represents a significant add-on to develop new skills and production with an extended offer now including bijoux.

The journey towards the creation of a single centre of excellence involved in designing, developing and manufacturing high fashion accessories has taken another step forward. With Amom joining the Group, Riri’s growth strategy has achieved another major goal: a comprehensive range of products now embracing zippers, buttons, metal components and bijoux.

Amom, based in Badia al Pino in the province of Arezzo, at the heart of the Tuscan high-fashion district, has manufactured for over 60 years metal trimmings, fashion jewellery and accessories for the shoes, leather and clothes sector. The company can perform most of the machining work inhouse, including die-casting, moulding, cutting, welding, laser cutting, enamelling, painting and electroplating. Another strong point is the wide showroom displaying a collection of over 100,000 items.
The addition of Amom to Riri Group has allowed for a broader offer of new materials: besides zamak, brass, steel and aluminium, our range now includes also silver, bronze, wood, precious and plastic materials.

Source:

RIRI / Menabò Group

Jean Marie Canan (C) Lectra
03.06.2021

Jean Marie Canan joins Lectra's Board of Directors

Lectra’s Shareholders’ Meeting appointed Jean Marie (“John”) Canan as a new Director, for a period of four years. Jean Marie Canan becomes a member of Lectra’s Audit Committee, Compensation Committee and Strategic Committee.

A Canadian national, at 64, Jean Marie Canan is currently Lead Independent Director and Chairman of the Audit Committee of REV Group, an American company listed on the NYSE; Director and Chairman of the Audit Committee of Acasti Pharma, a Canadian company listed on the NASDAQ and Director of the Angkor Hospital for Children, a leading non-profit pediatric hospital in Cambodia.

Lectra’s Shareholders’ Meeting appointed Jean Marie (“John”) Canan as a new Director, for a period of four years. Jean Marie Canan becomes a member of Lectra’s Audit Committee, Compensation Committee and Strategic Committee.

A Canadian national, at 64, Jean Marie Canan is currently Lead Independent Director and Chairman of the Audit Committee of REV Group, an American company listed on the NYSE; Director and Chairman of the Audit Committee of Acasti Pharma, a Canadian company listed on the NASDAQ and Director of the Angkor Hospital for Children, a leading non-profit pediatric hospital in Cambodia.

Jean Marie Canan, graduated from McGill University in Montreal, Canada and is a Canadian Certified Public Accountant (CPA), began his career at PricewaterhouseCoopers (PwC) in 1978, starting in their Montreal office, and then two years in their Hong Kong office. From 1990 to 2014, he held many ever-increasing positions of responsibility at Merck & Co, Inc. (“Merck”). These included senior roles in finance, strategy development, business development and operations. He was part of a small team that led the acquisition of Schering-Plough by Merck. He also provided operational oversight for most of the Merck group’s joint ventures, including DuPont-Merck, Johnson and Johnson-Merck, Astra-Merck, and Schering-Plough-Merck. Merck’s Executive Committee selected Jean Marie as one of the five senior leaders charged with defining Merck's new strategy in 2006.

More information:
Lectra, PLM Jean Marie Canan
Source:

Lectra

01.06.2021

Lectra completes the acquisition of Gerber Technology

Lectra finalizes June 1st, the acquisition of all outstanding shares of Gerber Technology, on a cash-free debt-free basis, for 175 million euros – financed through a 140 million euro loan and the Group's available cash – plus 5 million newly issued Lectra shares to AIPCF VI LG, Gerber Technology’s sole shareholder.

This strategic combination, of which all stages have now been successfully completed, has led to the creation of a leading global Industry 4.0 player for the fashion, automotive and furniture markets.

“The union of our respective innovative expertise, our state-of-the-art offers and our talented resources will enable us to bring long-term value to our customers. We will now be in an even better position to support our customers throughout the world in accelerating the digital transformation of their operations,” says Daniel Harari, Chairman and CEO of Lectra.

This acquisition, which was announced on February 8, was approved by Lectra’s Board of Directors on March 25 and by Lectra’s shareholders June, 1.

Lectra finalizes June 1st, the acquisition of all outstanding shares of Gerber Technology, on a cash-free debt-free basis, for 175 million euros – financed through a 140 million euro loan and the Group's available cash – plus 5 million newly issued Lectra shares to AIPCF VI LG, Gerber Technology’s sole shareholder.

This strategic combination, of which all stages have now been successfully completed, has led to the creation of a leading global Industry 4.0 player for the fashion, automotive and furniture markets.

“The union of our respective innovative expertise, our state-of-the-art offers and our talented resources will enable us to bring long-term value to our customers. We will now be in an even better position to support our customers throughout the world in accelerating the digital transformation of their operations,” says Daniel Harari, Chairman and CEO of Lectra.

This acquisition, which was announced on February 8, was approved by Lectra’s Board of Directors on March 25 and by Lectra’s shareholders June, 1.

More information:
Gerber Technology Lectra/Gerber
Source:

Lectra

Archroma: Whiteness Solutions for Laundry and Detergents in the U.S. (c) Archroma
20.05.2021

Archroma: Whiteness Solutions for Laundry and Detergents in the U.S.

Archroma announces a successful first year on the U.S. home care market with its whiteness solutions for laundry and detergents.

Archroma acquired in December 2019 the BASF's stilbene-based optical brightening agents (OBA) business for liquid and powder laundry detergent applications. The acquisition included the OBA technology, portfolio and manufacturing unit at Ankleshwar, India.

Since then, Archroma has mobilized its global experts, technologies and know-how, to design a holistic solutions portfolio for household, industrial & institutional cleaning (HI&I) aimed to support detergent manufacturers.

The portfolio now includes solutions for whiteness, coloration, stain removal, fabric softening, as well as sequestering agents and surfactants, which can be used in applications such as multipurpose cleaning powders, detergent powders, dish wash tablets and liquids, laundry liquids and fabric softeners, and hard surface cleaners.

Archroma announces a successful first year on the U.S. home care market with its whiteness solutions for laundry and detergents.

Archroma acquired in December 2019 the BASF's stilbene-based optical brightening agents (OBA) business for liquid and powder laundry detergent applications. The acquisition included the OBA technology, portfolio and manufacturing unit at Ankleshwar, India.

Since then, Archroma has mobilized its global experts, technologies and know-how, to design a holistic solutions portfolio for household, industrial & institutional cleaning (HI&I) aimed to support detergent manufacturers.

The portfolio now includes solutions for whiteness, coloration, stain removal, fabric softening, as well as sequestering agents and surfactants, which can be used in applications such as multipurpose cleaning powders, detergent powders, dish wash tablets and liquids, laundry liquids and fabric softeners, and hard surface cleaners.

Archroma used its experience working with manufacturers and brands in the textile industry to enter the US detergent markets for the very first time, and has been able to gain a significant position with most key laundry detergent manufacturers with its solutions for whiteness.

In particular, the company reports special interest from U.S. detergent brands and manufacturers for its Leucophor® 5BMGX, as this optical brightener allows them to achieve high levels of whiteness with a blueish undertone. The product is also highly soluble in water and stable in oxidative environment.

Source:

EMG

07.05.2021

Sateri to Acquire Funing Aoyang’s Viscose Fibre Business

Sateri has entered into agreement with Funing Aoyang Technology Co., Ltd. (Funing Aoyang) to acquire its viscose fibre business. The acquisition is part of Sateri’s growth strategy which will bring Sateri’s total number of viscose mills in China to six and total annual production capacity to more than 1.8 million tonnes.

Funing Aoyang is a subsidiary of listed company Jiangsu Aoyang Health Industry Co., Ltd. Its 330,000-tonne per annum mill that will be acquired by Sateri under the agreement, is located in Aoyang Industrial Park, Funing County, Jiangsu Province. Sateri is a member of the RGE group of companies; RGE manages a group of resource-based manufacturing companies with global operations spanning Indonesia, China, Brazil, Spain and Canada.

Sateri has entered into agreement with Funing Aoyang Technology Co., Ltd. (Funing Aoyang) to acquire its viscose fibre business. The acquisition is part of Sateri’s growth strategy which will bring Sateri’s total number of viscose mills in China to six and total annual production capacity to more than 1.8 million tonnes.

Funing Aoyang is a subsidiary of listed company Jiangsu Aoyang Health Industry Co., Ltd. Its 330,000-tonne per annum mill that will be acquired by Sateri under the agreement, is located in Aoyang Industrial Park, Funing County, Jiangsu Province. Sateri is a member of the RGE group of companies; RGE manages a group of resource-based manufacturing companies with global operations spanning Indonesia, China, Brazil, Spain and Canada.

Allen Zhang, Sateri’s President, said: “This acquisition will boost Sateri’s market footprint and further strengthen our ability to serve customers in eastern and northern China. We will invest in advanced technologies to upgrade the mill so as to enhance its process technology, safety and environmental performance. Through better management and operational excellence, we hope to make a positive impact to the local economy and accelerate the sustainable development of the industry.”

The closing of the acquisition is subject to procedural approvals by relevant authorities.

Source:

Omnicom Public Relations Group

23.04.2021

Oerlikon: Creating a new growth platform

Oerlikon signs agreement to acquire INglass, a global leader in high precision polymer flow control equipment, to accelerate expansion strategy in polymer processing market

  • INglass and its HRSflow Division is a market leader spezialized in hot runner sytems
  • Technology is highly complementary to Oerlikon’s existing capabilities in polymer flow control and will expand Oerlikon’s market access
  • Acquisition accelerates Oerlikon’s strategy in diversifying its manmade fibers business to expand into the high-growth polymer processing solution market
  • Oerlikon renames ‘Manmade Fibers’ Division to ‘Polymer Processing Solutions’
  • Acquisition is expected to be completed in the second quarter of 2021

Oerlikon, a leading provider of surface engineering, polymer processing and additive manufacturing, announced today that it has signed an agreement to acquire Italy-headquartered INglass S.p.A. and its innovative hot runner systems technology operating under its market-leading HRSflow business.

Oerlikon signs agreement to acquire INglass, a global leader in high precision polymer flow control equipment, to accelerate expansion strategy in polymer processing market

  • INglass and its HRSflow Division is a market leader spezialized in hot runner sytems
  • Technology is highly complementary to Oerlikon’s existing capabilities in polymer flow control and will expand Oerlikon’s market access
  • Acquisition accelerates Oerlikon’s strategy in diversifying its manmade fibers business to expand into the high-growth polymer processing solution market
  • Oerlikon renames ‘Manmade Fibers’ Division to ‘Polymer Processing Solutions’
  • Acquisition is expected to be completed in the second quarter of 2021

Oerlikon, a leading provider of surface engineering, polymer processing and additive manufacturing, announced today that it has signed an agreement to acquire Italy-headquartered INglass S.p.A. and its innovative hot runner systems technology operating under its market-leading HRSflow business.

The strategic acquisition is a significant step in expanding Oerlikon’s current manmade fibers business into the larger polymer processing market. The acquisition accelerates and enhances existing organic initiatives to diversify and strengthen the company’s core high-precision polymer flow control capabilities, products and services. The completion of the transaction is subject to customary regulatory approvals and is expected by the second quarter of 2021.

To reflect Oerlikon’s expansion into a larger high-growth market, the Manmade Fibers Division will be renamed as Polymer Processing Solutions Division. This division will have two business units: Flow Control Solutions and Manmade Fibers Solutions. The busines unit Flow Control Solutions will combine the expertise of Oerlikon Barmag’s existing gear metering pumps business line and INglass’ HRSflow operations. The business unit Manmade Fibers Solutions will continue to focus on growing the existing chemical fiber machinery and plant engineering business, offering plant solutions for the production of polyester, polypropylene and polyamide.

“Our new Polymer Processing Solutions Division and the acquisition of INglass S.p.A. and its HRSflow business are critical components of Oerlikon Group’s growth strategy. We are accelerating our efforts to drive sustainable organic and inorganic growth in all of our businesses. The acquisition enables new synergy opportunities between both Oerlikon divisions in specific end markets such as automotive. With INglass and its HRSflow operations, we acquire leading suppliers in their markets with proven success of their technologies and services,” said Dr. Roland Fischer, CEO Oerlikon Group.

“We firmly believe that within the Oerlikon Group we can further exploit the potential of our hot runner systems technology and, when combined with the capabilities of Oerlikon Barmag gear metering pumps and their melt distribution engineering competence, will position our business as one of the leading precision flow control specialists for multiple applications in a global growth market”, said Antonio Bortuzzo, CEO of INglass S.p.A.

New business unit offers great growth potential

The Oerlikon Barmag competence brand already offers high precision flow control related components, including a large selection of gear metering pumps for textile and non-textile markets. These highly efficient pumps are used in silicone casting, dynamic mixing and oil spraying for the chemical, paint, polymer processing and automotive industries. This double-digit million CHF business, which has grown in recent years, will be merged with INglass’ HRSflow hot runner technologies under the new business unit Flow Control Solutions. HRSflow’s excellent market access to many OEMs in and outside the automotive industry brings significant growth opportunities.

INglass is a leader in automotive and expanding in other sectors

INglass S.p.A. is an internationally operating successful company established in 1987. Its product portfolio includes hot runners as well as engineering and consultancy services for the advanced development of polymer processing products. INglass’ HRSflow hot runner systems are applied in multiple industries from automotive, consumer goods and household appliances to packaging, waste management, construction and transportation.

INglass is headquartered in San Polo di Piave, Italy, near Venice. 2020 revenues of INglass were approximately CHF 135 million and the acquisition is expected to be immediately accretive to Oerlikon’s margins and cash flows. INglass has more than 1 000 employees and 55 sites worldwide, including production plants in Italy, China and the US. Among these sites are INglass’ newly renovated headquarters and production at its primary location in San Polo di Piave near Venice, Italy. The investment modernized the facilities with automated production, underlining the company’s commitment to sustainability and the environment. The other two modern production sites are in Zhejiang (Hangzhou Province) in China and Michigan (Grand Rapids) in the USA.

Following the integration with Oerlikon Barmag’s gear metering pumps business of about 200 employees in Remscheid, Germany, the new Flow Control Solutions business unit will have round about 1 200 employees.

"We see great potential for growth in our new Flow Control Solutions business unit,” said Georg Stausberg, Polymer Processing Solutions Division CEO and Member of the Executive Committee of the Oerlikon Group. “The businesses form the two core growth pillars and benefit from each other in global market development, in modern and digitized production, and in customer services. We also see potential synergies in R&D by combining existing know-how in the field of polymer processing. New technological solutions between hot runner systems and gear metering pumps are conceivable. We also anticipate collaborating more closely with the Oerlikon Surface Solutions Division, particularly in future mobility applications and functional polymer component solutions for the automotive industry. All in all, we will offer our customers innovative and attractive solutions in the field of polymer processing and high precision flow control components.”

Next steps for further diversification of the division product portfolio are already ongoing

Combining the divisions plant engineering and process know how with expertise on high precision flow control components technologies has a significant impact on product quality in nearly all applications, which opens up a platform for further organic and inorganic growth. "We are closely observing the megatrends in the markets and developing new business models to match. In the area of sustainability, covering topics such as circular economy, the recycling of materials using mechanical and chemical recycling solutions, as well as the handling of new, more environmentally friendly and biodegradable materials, we are on the verge of a breakthrough. We are ready to actively participate in these growth areas,” added Georg Stausberg.

“In realigning the Polymer Processing Solutions Division, Oerlikon will continue to apply our successful recipe of a lean organizational structure to efficiently manage the business. This means clear processes, short decision-making paths and competent teams in a diverse and multicultural organization in which everyone can contribute innovatively to create customer value,” said Georg Stausberg.

08.02.2021

MoU: Lectra to acquire Gerber Technology

Lectra announces its plan to acquire the entire capital and voting rights of US-based Gerber Technology. A key Industry 4.0 player in the fashion, automotive and furniture industries, Lectra designs smart industrial solutions – software, equipment, data and services – that help brands, manufacturers and retailers develop, produce and market their products.

The acquisition, if and when consummated, would allow Lectra to complement its market position and continue to enhance its offerings based on Industry 4.0 technology that will enable its customers to boost the productivity and profitability of their operations. After the French work council of Lectra is consulted and the binding documentation is signed, completion of the acquisition shall remain subject to merger control clearance and other customary conditions and shall be submitted to Lectra shareholders for approval.

Lectra announces its plan to acquire the entire capital and voting rights of US-based Gerber Technology. A key Industry 4.0 player in the fashion, automotive and furniture industries, Lectra designs smart industrial solutions – software, equipment, data and services – that help brands, manufacturers and retailers develop, produce and market their products.

The acquisition, if and when consummated, would allow Lectra to complement its market position and continue to enhance its offerings based on Industry 4.0 technology that will enable its customers to boost the productivity and profitability of their operations. After the French work council of Lectra is consulted and the binding documentation is signed, completion of the acquisition shall remain subject to merger control clearance and other customary conditions and shall be submitted to Lectra shareholders for approval.

The proposed combination would occur at an opportune time for both companies and their customers. The current uncertain economic climate and unprecedented challenges that fashion, automotive and furniture companies are facing due to the COVID-19 pandemic make it more important than ever for them to transform, digitalize and optimize their operations.

For over 50 years, Gerber Technology has used its proprietary technologies and deep domain expertise to provide integrated software and automated hardware solutions to companies around the world, including over 100 Fortune 500 companies in 134 countries.

The strategic combination of Gerber Technology and Lectra will create a premier advanced technology partner, able to quickly meet changing customer needs and deliver even more value through seamlessly integrated solutions. Together, the two companies will have a large installed base of product development software and automated cutting solutions in operation, with a worldwide presence and a long list of prestigious customers.

Consolidating the two companies’ research and development capabilities will enable the combined company to accelerate development of Industry 4.0 technologies and help its expanded customer base seize the full potential of these innovations.
Integrating the technology of the two companies will endow them with the resources to anticipate and address rapidly changing market conditions.

Key transaction terms

Under the proposed acquisition, Lectra would acquire all outstanding shares of Gerber Technology on a cash-free debt-free basis for an upfront payment of 175 million euros – through a combination of cash and debt – plus 5 million newly issued Lectra shares to AIPCF VI LG Funding, LP (“AIPCF VI LG”), an affiliate of American Industrial Partners that is Gerber Technology’s sole shareholder. This would represent a total amount of about 300 million euros based on Lectra’s closing share price on February 5, 2021. No contingent consideration is contemplated.

Gerber Technology’s revenues was 165 million euros in 2020.

Thanks to the strong value creation deriving from significant synergies, Lectra expects the transaction to be accretive for shareholders from 2022.

Upon closing, Daniel Harari would own c. 14.6% of the Lectra shares and AIPCF VI LG would own c. 13.3%.

Lectra’s Board of Directors would welcome a director representing AIPCF VI LG.

Daniel Harari would continue to be the Chairman and Chief Executive Officer of Lectra. Gerber Technology Chief Executive Officer, Mohit Uberoi, would assume special advisor to Daniel Harari role until end-2021.

Lectra’s shareholders would be invited to vote on the issuance of the 5 million new Lectra shares reserved to AIPCF VI LG at a dedicated Extraordinary Shareholders’ Meeting which is currently expected to be held on April 30, 2021. A report containing additional information will be made available to the shareholders prior to the Extraordinary Shareholders’ Meeting.

Lazard is acting as exclusive financial advisor to Lectra, and Latham & Watkins as legal counsel to Lectra.

Goldman Sachs is acting as exclusive financial advisor to AIPCF VI LG, and Ropes & Gray LLP, Baker Botts LLP and Gide Loyrette Nouel A.A.R.P.I. as legal counsel to AIPCF VI LG.

2020 results, update on the 2020-2022 strategic roadmap and guidance for the coming years will be disclosed on February 10, 2021.

Lectra management will discuss the transaction, provide forward-looking guidance for the combined company upon closing of the transaction and answer questions from the financial community during the February 11, 2021 webcast Analyst Conference meeting in French starting at 8:30 am (CET - Paris).

 

Source:

Lectra - Headquarters

Sappi: A milestone in sustainable packaging (c)Sappi Europe
Based on the motto ‘Pro Planet: Paper Packaging – welcome to the new pack-age’, Sappi presents numerous opportunities for its customers to package their food or non-food products in sustainable, premium packaging.
12.01.2021

Sappi: A milestone in sustainable packaging

  • Sappi implements innovative barrier paper technology to increase production

Sappi will introduce new barrier coating technology for functional paper packaging at its speciality mill in Alfeld, Germany, strengthening its position as the leading global provider of sustainable paper packaging solutions. Explaining the decision, Berry Wiersum, CEO Sappi Europe stated: “Expanding the use of our proprietary barrier coating technology underpins Sappi’s drive to maintain our leading position in barrier coated paper as well the commitment we have with our customers in developing innovative future focused packaging solutions which contribute towards a sustainable future”

•    Investment in sustainable barrier coating technology
•    Comprehensive expertise in future focused functional paper packaging
•    Where performance meets environmental accountability

  • Sappi implements innovative barrier paper technology to increase production

Sappi will introduce new barrier coating technology for functional paper packaging at its speciality mill in Alfeld, Germany, strengthening its position as the leading global provider of sustainable paper packaging solutions. Explaining the decision, Berry Wiersum, CEO Sappi Europe stated: “Expanding the use of our proprietary barrier coating technology underpins Sappi’s drive to maintain our leading position in barrier coated paper as well the commitment we have with our customers in developing innovative future focused packaging solutions which contribute towards a sustainable future”

•    Investment in sustainable barrier coating technology
•    Comprehensive expertise in future focused functional paper packaging
•    Where performance meets environmental accountability

The demand for paper and paperboard packaging continues to rise dramatically as consumers become increasingly mindful of the impact their buying choices have on the environment.  The call for innovative, truly sustainable solutions has never been louder. Sappi is striving to support its customers to go beyond traditional film and foil-based material solutions, growing its products ranges to meet the demands of our ever-changing world. Working directly with brand owners Sappi seeks to create future-oriented circular solutions in line with growing collective global responsibilities.

The desire to continuously evolve to meet and exceed the business needs requires ongoing investment in innovation in order to create the solutions of tomorrow. Sappi’s acquisition of Rockwell Solutions has deepened the company’s barrier paper manufacturing knowledge. Adding barrier coater capacity at Alfeld Mill further upscales our capabilities, brings this unique combination of paper, dispersion and coating technology to more customers and enables Sappi to offer customers even more competitive and attractive paper packaging solutions.

Sappi has made great strides to provide future-focused products and services – matching and exceeding the needs of consumers now and in the future – delivering recyclable packaging solutions in line with the requirements of a circular economy. Environmental accountability is at the heart of both Sappi and its customers’ needs. Through this initiative Sappi will continue to challenge the conventional packaging industry with new ideas and solutions in order to make it easier for the world and the planet to follow a circular-economy strategy.

Kelheim Fibres nominated for the “Cellulose Fibre Innovation of the Year 2021” award © Kelheim Fibres Gmb- Stefanie Müller
2020 FemHyPad
15.12.2020

Kelheim Fibres nominated for the “Cellulose Fibre Innovation of the Year 2021” award

Kelheim Fibres has been named as one of the finalists for the “Cellulose Fibre Innovation of the Year 2021” innovation award to be presented at the 2nd International Conference on Cellulose Fibres. With their plant-based and biodegradable fibres, the Bavarian viscose speciality fibres manufacturer presents a significant contribution to a plastic-free future for AHP (absorbent hygiene products). In contrast to other natural fibres, which are already available in fibre form and can only be treated on the surface, Kelheim’s technological flexibility offers the possibility to modify cross-sections and to introduce additives into the fibre matrix for intrinsic functionalisation. Through these modifications, Kelheim tailors its fibres specifically to the requirements of the individual nonwoven layers of the AHP and is able to achieve comparable performance values to synthetic fibres. 

Kelheim Fibres has been named as one of the finalists for the “Cellulose Fibre Innovation of the Year 2021” innovation award to be presented at the 2nd International Conference on Cellulose Fibres. With their plant-based and biodegradable fibres, the Bavarian viscose speciality fibres manufacturer presents a significant contribution to a plastic-free future for AHP (absorbent hygiene products). In contrast to other natural fibres, which are already available in fibre form and can only be treated on the surface, Kelheim’s technological flexibility offers the possibility to modify cross-sections and to introduce additives into the fibre matrix for intrinsic functionalisation. Through these modifications, Kelheim tailors its fibres specifically to the requirements of the individual nonwoven layers of the AHP and is able to achieve comparable performance values to synthetic fibres. 

In addition to this, the speciality fibres from Kelheim offer a very attractive ratio of cost to performance in comparison with other fibres of natural origin such as organic cotton. They are therefore not only able to enhance the performance of the final products more effectively than other bio-based alternatives, but are, at the same time, financially attractive. "Consumers of absorbent hygiene products are often faced with a choice between sustainable solutions made from fibres of natural origin and products with better performance and good fluid management properties produced using synthetic fibres,“ says Dominik Mayer, from Kelheim’s R&D team. „Our goal is to offer products to the consumer which combine both sustainability and performance. Our sustainable and functional fibre technologies now make this possible.“

The project is a good illustration of the central element of Kelheim Fibres‘ innovation philosophy: the identification of unsolved problems in the market and the development of solutions in close cooperation with experts along the value chain using open innovation techniques. Fibres from Kelheim also offer a significant contribution to overcoming one of the biggest global challenges of our time, by reducing the amount of plastic waste in the environment. Step by step, or in this case layer by layer – Kelheim Fibres is moving towards a vision of a plastic-free future.

Kelheim’s developments include the hydrophobized Olea fibre (for fast acquisition and efficient transfer of liquid and for better rewet values in the topsheet) as well as the Galaxy® fibre (for an efficient and optimised distribution of liquids in the Acquisition Distribution Layer (ADL) via capillary channels) and the Bramante fibre (which can store up to 260% of its own weight of liquids in chambers inside the fibre). Kelheim’s fibres can also be processed in the textile sector, to enable solutions in the field of reusable hygiene products such as menstrual underwear. All these fibres are already commercially available. Kelheim Fibres is cooperating with an innovative AHP manufacturer and an innovative nonwoven supplier to incorporate the fibres into new end products.

More information:
Kelheim Fibres cellulose fiber
Source:

Kelheim Fibres

04.12.2020

ANDRITZ to acquire Laroche

International technology Group ANDRITZ has signed an agreement with Laroche, based in Cours, France, to acquire LM Industries comprising Laroche SA and Miltec SA, France. ANDRITZ will take over all Laroche entities and their business worldwide. Closing of the transaction, which is subject to approval by the ANDRITZ Supervisory Board, is expected at the beginning of 2021.

International technology Group ANDRITZ has signed an agreement with Laroche, based in Cours, France, to acquire LM Industries comprising Laroche SA and Miltec SA, France. ANDRITZ will take over all Laroche entities and their business worldwide. Closing of the transaction, which is subject to approval by the ANDRITZ Supervisory Board, is expected at the beginning of 2021.

Laroche is a leading supplier of fiber processing technologies such as opening, blending and dosing, airlay web forming, textile waste recycling and decortication of bast fibers. The product portfolio further complements the ANDRITZ Nonwoven product range. ANDRITZ is now able to offer the complete supply and value chain, from the raw material, to opening and blending, web forming, bonding, finishing, drying, and converting. Laroche’s high-performance technologies for opening and blending enhance the ANDRITZ scope of supply for spunlace, needlepunch and wetlaid production lines. Moreover, both companies have agreed to further strengthen the development of their existing technologies for high-speed and high-capacity applications and also to continue pursuing the development of textile recycling processes in order to stay ahead of the changes the industry is facing.

Laroche SA has been developing fiber processing technologies for more than 100 years. With integrated manufacturing, the company supplies lines for a wide range of industries/products: spinning, bedding and furniture, automotive, acoustic and thermal insulation, geotextiles, filtration, wipes, and many more.

Robert Laroche, President of Laroche: “This acquisition is the logical conclusion in view of the successful long-term relationship between ANDRITZ and Laroche. We have been working in close cooperation for more than ten years and are very much looking forward to becoming a member of the ANDRITZ family.”

Andreas Lukas, Senior Vice President and Division Manager, ANDRITZ Nonwoven: “By adding Laroche’s state-of-the-art products and expertise to our existing capabilities, ANDRITZ Nonwoven will further strengthen its market and technology position.”

Source:

ANDRITZ AG

Riri Group boosts its offer with Cobrax Metal Hub. (c) Riri Group
RIRI GROUP Cobrax Metal Hub
12.11.2020

Riri Group boosts its offer with Cobrax Metal Hub.

  • The new company in the Group is dedicated to metal accessories for luxury and haute couture, in the heart of the Tuscan fashion district.

Mendrisio – Another important milestone has been reached at Riri: the incorporation of Cobrax Metal Hub, the new company in the Group which specialises in the design, development and manufacturing of metal components for the luxury and haute couture sector. The company’s headquarters are in the heart of the Tuscan fashion district, combining high quality Made in Italy, decades-long expertise and the care for details which has always characterised Riri.

  • The new company in the Group is dedicated to metal accessories for luxury and haute couture, in the heart of the Tuscan fashion district.

Mendrisio – Another important milestone has been reached at Riri: the incorporation of Cobrax Metal Hub, the new company in the Group which specialises in the design, development and manufacturing of metal components for the luxury and haute couture sector. The company’s headquarters are in the heart of the Tuscan fashion district, combining high quality Made in Italy, decades-long expertise and the care for details which has always characterised Riri.

The new company is a result of the acquisition of 2Frame, a historical Italian brand in the industry, which is now an integral part of the Riri family, under the new name Cobrax Metal Hub. Thanks to this new entry, the Swiss Group has become the first sole supplier of metal accessories for the leatherwear industry, adding to its traditional range of zips and buttons a new line of products which includes all types of fastening, padlocks, snap hooks and buckles. It is an actual strategic hub, to offer the brands a single contact point for any needs and requests concerning metal accessories.

This new acquisition also makes it possible for Riri to respond, in an even faster and more effective way, to the demand for developing new articles and prototypes. By focusing on customer needs, Cobrax Metal Hub is actually able to design and develop customised products, guaranteeing continuous support in all process phases: from the search for materials, to technical and finishing solutions, the prototyping and sampling stage, to the industrialisation and manufacturing stage.

Renato Usoni, CEO at Riri Group adds: “Thanks to Cobrax Metal Hub the Riri Group has become the first sole supplier of accessories for the leatherwear sector. It is a project intended to add value and increase the company’s ability to serve its market, providing increasingly comprehensive and tailor-made answers, bearing witness to a vision whereby investing in the future is the best response to the scenarios, more complex than ever before, with which the whole market is confronted today”.

Source:

Menabò Group

Kornit Digital (c) Kornit Digital
09.10.2020

Kornit Digital Joins the 2020 Innovate Textile & Apparel Virtual Trade Show

Online exhibit to feature complete portfolio of systems for sustainable production on demand, end-to-end workflow solutions, expert demonstration and consultation

Kornit Digital (Nasdaq: KRNT), a worldwide market leader in digital textile printing technology, is pleased to join the 2020 Innovate Textile & Apparel Virtual Trade Show, WTiN’s annual global exhibition highlighting the true innovators in technology, production, and value chain leadership for the textile and apparel industry.

For this year’s event, which is free to attend, Kornit will be exhibiting its latest capabilities for digital direct-to-garment and roll-to-roll production, including the only single-step process for delivering durable, retail-quality impressions on multiple fabrics within minutes. Visitors will find opportunities to learn more about:

Online exhibit to feature complete portfolio of systems for sustainable production on demand, end-to-end workflow solutions, expert demonstration and consultation

Kornit Digital (Nasdaq: KRNT), a worldwide market leader in digital textile printing technology, is pleased to join the 2020 Innovate Textile & Apparel Virtual Trade Show, WTiN’s annual global exhibition highlighting the true innovators in technology, production, and value chain leadership for the textile and apparel industry.

For this year’s event, which is free to attend, Kornit will be exhibiting its latest capabilities for digital direct-to-garment and roll-to-roll production, including the only single-step process for delivering durable, retail-quality impressions on multiple fabrics within minutes. Visitors will find opportunities to learn more about:

  • Kornit’s portfolio of industry-leading DTG systems, offering brands and fulfillers pushbutton efficiency in any quantity, to eliminate inventory risk and waste.
  • Kornit Presto, foundation of any microfactory production concept, for consolidating operations and minimizing supply chain risk.
  • Kornit’s new Softener solution, which enables photorealistic detail combined with handfeel meeting the most rigorous demands of high fashion and home décor.
  • Kornit’s range of available pallets, empowering brands and fulfillers to expand their catalog and offer customers any applications they demand, including baby and children’s apparel, zipper hoodies, handbags, and the industry’s first DTG solution for custom neck tags.
  • Kornit’s acquisition of Custom Gateway, which promises end-to-end production efficiency, for building or enhancing online stores, ensuring visibility and control across multiple production sites, optimizing the production floor, and getting products out the door quickly, meeting the speed and logistics challenges of the e-commerce age.

In addition to sharing diverse customer testimonials, Kornit will be hosting live consultations with system experts, to answer all questions and present Kornit’s value proposition for ongoing business needs. The company will also be leading a seminar presentation during the event.

“While we certainly miss the face-to-face engagement traditional trade shows offer, the upside of these web-based expositions is that there’s no limit to the systems, applications, and personnel Kornit can and will leverage to present its case for mastering the e-commerce age with efficient, sustainable digital capabilities,” said Chris Govier, Kornit Digital Managing Director—EMEA. “With our expanding suite of workflow and visibility software, Kornit gives manufacturers large and small the ability to scale their end-to-end business, while eliminating overproduction risks and establishing responsible production practices. These systems are critical to surviving the retail apocalypse and COVID-like disruptions, and event attendees will see why.”

Source:

PR4U/Kornit Digital

Oerlikon Barmag: Wiping robot (c) Oerlikon Barmag
01.10.2020

Oerlikon Barmag: Wiping robots increase production efficiency

Retrofitting a wiping robot to spinning systems is well worthwhile. This is confirmed by the experiences of those customers who have already installed the wiping robot. Oerlikon Barmag wiping robots have been cleaning spin packs at filament yarn manufacturing facilities in China and India for several months now, increasing efficiency considerably.

Regular wiping of the spin packs is important for process stability and yarn quality. These can be positively influenced using wiping robots, because – as confirmed by data acquisition and analysis at the respective manufacturing facilities – the yarn break rate can be reduced by up to 30% by automating the wiping process. And the yarn break rate has a direct impact on the key production figures; to this end, a considerable reduction translates into pure profit for yarn manufacturers.

Retrofitting a wiping robot to spinning systems is well worthwhile. This is confirmed by the experiences of those customers who have already installed the wiping robot. Oerlikon Barmag wiping robots have been cleaning spin packs at filament yarn manufacturing facilities in China and India for several months now, increasing efficiency considerably.

Regular wiping of the spin packs is important for process stability and yarn quality. These can be positively influenced using wiping robots, because – as confirmed by data acquisition and analysis at the respective manufacturing facilities – the yarn break rate can be reduced by up to 30% by automating the wiping process. And the yarn break rate has a direct impact on the key production figures; to this end, a considerable reduction translates into pure profit for yarn manufacturers.

Can also be retrofitted to existing systems
The Oerlikon Barmag wiping robot can be retrofitted to numerous spinning plants. Suspended from a track system mounted on the ceiling, the system automatically and autonomously targets the individual positions in accordance with the scheduled wiping cycles. In addition to the scheduled wiping processes, there are also events that cannot be planned or that are not immediately visible. Depending on the degree of integration into Oerlikon Manmade Fibers Smart Factory solutions, the wiping robot is able to identify issues such as yarn breaks or parallel wiping processes and to independently offer solutions.

The wiping robot operates in a cross-line manner. Here, the wiping quality remains constant 24/7. The high wiping quality has a positive influence on both the stability of the overall process and on the yarn quality. The time saved between cleaning cycles is a further advantage: using the robots, the interval between two wiping processes can be extended by up to 25%. The considerable increase in the spinning process efficiency achieved by the wiping robot also has a positive impact on margins. For example, one customer deploying the wiping robot was able to reduce its production costs for the same yarn by more than 3%.

More information:
Oerlikon Barmag filament yarn
Source:

Oerlikon

Logo Paper Converting Machine Company
Logo Paper Converting Machine Company
11.05.2020

PCMC Signature Series (380V-s) wide-web press installed at J.J. Collins Printers

Modernized press eases digital printing conversion, signals new era for PCMC and RDP Marathon

Modernized press eases digital printing conversion, signals new era for PCMC and RDP Marathon

Paper Converting Machine Company (PCMC)—part of the Barry-Wehmiller Converting Solutions Platform announced the recent installation of the new Signature Series (380V-s) wide-web, high-speed offset  press at J.J. Collins Printers in Charleston, Illinois.
The 380V-s is the first in the series that is replacing the 380V press series, long highly regarded by printers in the longrun documents and high-end promotional graphics markets. The new design incorporates the latest in internet connectivity and touchscreen technology, and allows for easy integration with full or hybrid digital printing.
Designed by RDP Marathon, a recent acquisition of PCMC, the 380V-s represents PCMC’s expansion into providing equipment and services to the offset printing industry. Backed by PCMC’s global sales, manufacturing and service support, RDP Marathon will continue to maintain a sharp  focus on innovation. J.J. Collins Printers—already using an RDP Marathon model 260P blanket-to-blanket, heat-set press for its high-end commercial products—has been providing innovative print solutions  since 1878. Its commitment to using state-of-theart pre-press, press and bindery equipment has ensured the company's position as a leader in the print manufacturing industry.
In addition to the 380V-s, PCMC continues to develop new technologies and applications for a variety of print markets.

Source:

Paper Converting Machine Company

Sherrod Brown (c) NCTO
25.03.2020

Brown pushing plan to address shortage of personal protective equipment

Brown Wrote to President Outlining Critical Steps White House can Take Now to Address Shortage of Personal Protective Equipment

 U.S. Sen. Sherrod Brown (D-OH) hosted a news conference call to discuss his plan for addressing the shortage of personal protective equipment (PPE) needed by healthcare workers on the frontline of keeping Americans healthy and safe during the coronavirus pandemic.

This weekend, Brown wrote to President Trump outlining several steps the Administration should take immediately to address the shortage and ramp up manufacturing of these critical medical supplies.

Brown Wrote to President Outlining Critical Steps White House can Take Now to Address Shortage of Personal Protective Equipment

 U.S. Sen. Sherrod Brown (D-OH) hosted a news conference call to discuss his plan for addressing the shortage of personal protective equipment (PPE) needed by healthcare workers on the frontline of keeping Americans healthy and safe during the coronavirus pandemic.

This weekend, Brown wrote to President Trump outlining several steps the Administration should take immediately to address the shortage and ramp up manufacturing of these critical medical supplies.

In his plan and in his letter to the President, Brown lists nine steps the Administration could take immediately, including:

  1. Designate a government official who can serve as a point person responsible for coordination the acquisition and development of PPE, medical devices, and other supplies necessary to fight the coronavirus pandemic. 
  2. Establish a PPE and medical device assessment and database to monitor the supply and anticipated needs for PPE, ventilators, diagnostic test kits, and other needed medical supplies to respond to the coronavirus pandemic. 
  3. Publish a list of PPE, medical device, and general medical supply needs to respond to the coronavirus pandemic. 
  4. Establish a hotline capable of handling significant call capacity that will provide U.S. producers centralized information about the results of the national assessment and the current need for PPE, devices, and other health care supplies. 
  5. Provide immediate funding to manufacturers to purchase equipment, retool machinery, hire additional workers, and cover any other expenses needed to increase production of PPE and necessary medical devices and supplies.
  6. Streamline contract and certification procedures to ensure production and delivery of materials are not delayed due to paperwork constraints.
  7. Provide critical protections for workers who are making PPE, medical devices, and necessary supplies to receive a waiver from any shelter-in-place requirements to allow workers to volunteer to go to work in these critical industries. 
  8. Provide purchase guarantees and delivery assistance of product to the communities and health care facilities that need the products most. 
  9. Support companies that have the capacity to sterilize reusable equipment to alleviate the existing PPE shortage. 

In his plan, Brown also pointed out important legislative actions that will help ramp up production of these critical supplies, including expanding the strategic national stockpile authority, substantially increasing Defense Production Act funding and strengthening domestic preferences.

More information:
NCTO Coronavirus United States
Source:

NCTO

02.03.2020

TESCA announces the acquisition of Willy SCHMITZ

TESCA and Willy SCHMITZ announce that they have closed a transaction whereby TESCA is acquiring the business of Willy SCHMITZ and its operations, located in Germany.

TESCA, headquartered in Paris France, is a major supplier of automotive fabrics, value added textile parts and seating components. TESCA employs 3,500 people and operate 22 facilities globally.

Willy SCHMITZ, headquartered in Monchengladbach, Germany is a major supplier of fabrics to the German automotive manufacturers, but also to other industries, including via its affiliated company OGUS. Willy SCHMITZ employs 150 people and operates in two facilities in Germany.

“The TESCA and Willy SCHMITZ businesses are very complementary in terms of customer interface and geography”, said Carl de Freitas, TESCA CEO. “Merging our activities will provide a broader more efficient platform to support our customers globally.”

TESCA and Willy SCHMITZ announce that they have closed a transaction whereby TESCA is acquiring the business of Willy SCHMITZ and its operations, located in Germany.

TESCA, headquartered in Paris France, is a major supplier of automotive fabrics, value added textile parts and seating components. TESCA employs 3,500 people and operate 22 facilities globally.

Willy SCHMITZ, headquartered in Monchengladbach, Germany is a major supplier of fabrics to the German automotive manufacturers, but also to other industries, including via its affiliated company OGUS. Willy SCHMITZ employs 150 people and operates in two facilities in Germany.

“The TESCA and Willy SCHMITZ businesses are very complementary in terms of customer interface and geography”, said Carl de Freitas, TESCA CEO. “Merging our activities will provide a broader more efficient platform to support our customers globally.”

More information:
Tesca Willy Schmitz GmbH Ogus Netze
Source:

Agence Apoce

Ascend to purchase compounding and masterbatch businesses of Poliblend and Esseti Plast. (c) Ascend Performance Materials, APMPR041
Ascend to purchase compounding and masterbatch businesses of Poliblend and Esseti Plast.
13.02.2020

Ascend to purchase compounding and masterbatch businesses of Poliblend and Esseti Plast

Ascend Performance Materials, the largest fully integrated producer of polyamide 66 resin, announced today it signed an agreement to purchase Poliblend and Esseti Plast GD from D’Ottavio Group. The acquisition includes a manufacturing facility in Mozzate, Italy, the masterbatch portfolio of Esseti Plast GD and the engineering plastics portfolio of Poliblend, which consists of virgin and recycled grades of PA66, PA6, PBT and POM.

Poliblend offers compounding and masterbatch services, including color and additive concentrates that enhance the appeal and end-use performance of plastics products, packaging and fibers. Its certifications include ISO 9001, ISO 14001 and ISO TS 16949.

Giancarlo D’Ottavio, Poliblend’s president, will continue to run Poliblend’s operations and join Ascend’s European management team. Terms of the transaction were not disclosed. The acquisition is expected to close in the second quarter.

Ascend Performance Materials, the largest fully integrated producer of polyamide 66 resin, announced today it signed an agreement to purchase Poliblend and Esseti Plast GD from D’Ottavio Group. The acquisition includes a manufacturing facility in Mozzate, Italy, the masterbatch portfolio of Esseti Plast GD and the engineering plastics portfolio of Poliblend, which consists of virgin and recycled grades of PA66, PA6, PBT and POM.

Poliblend offers compounding and masterbatch services, including color and additive concentrates that enhance the appeal and end-use performance of plastics products, packaging and fibers. Its certifications include ISO 9001, ISO 14001 and ISO TS 16949.

Giancarlo D’Ottavio, Poliblend’s president, will continue to run Poliblend’s operations and join Ascend’s European management team. Terms of the transaction were not disclosed. The acquisition is expected to close in the second quarter.

Source:

EMG

DOMO Chemicals appoints Yves Bonte as CEO (c) DOMO Chemicals
DOMO Chemicals appoints Yves Bonte as CEO
21.01.2020

DOMO Chemicals appoints Yves Bonte as CEO

DOMO Chemicals, a global leading player in engineering nylon materials towards sustainable solutions, today announced its transition plan for the function of Chief Executive Officer. The Board of Directors of DOMO has appointed Yves Bonte to succeed current CEO Alex Segers during February 2020. Mr. Segers has held the CEO position at DOMO since the Company started its chemical activities in 1994 and will continue to play an important role in the transformation of Solvay’s European Performance Polyamide and DOMO into one company. Closing of the acquisition of Solvay’s European performance Polyamide Business by DOMO is expected to take place on January 31st.

Alex Segers commented, “I feel privileged to have been given the opportunity to work with the DOMO team over the past twenty-six years, which has really been an incredible journey. We are now entering the next level for the company by integrating very soon the European Performance Polyamides Business from Solvay. In Yves we have found the ideal person to pass the baton to. We look forward to a seamless transition.”

DOMO Chemicals, a global leading player in engineering nylon materials towards sustainable solutions, today announced its transition plan for the function of Chief Executive Officer. The Board of Directors of DOMO has appointed Yves Bonte to succeed current CEO Alex Segers during February 2020. Mr. Segers has held the CEO position at DOMO since the Company started its chemical activities in 1994 and will continue to play an important role in the transformation of Solvay’s European Performance Polyamide and DOMO into one company. Closing of the acquisition of Solvay’s European performance Polyamide Business by DOMO is expected to take place on January 31st.

Alex Segers commented, “I feel privileged to have been given the opportunity to work with the DOMO team over the past twenty-six years, which has really been an incredible journey. We are now entering the next level for the company by integrating very soon the European Performance Polyamides Business from Solvay. In Yves we have found the ideal person to pass the baton to. We look forward to a seamless transition.”

Gregory De Clerck, Managing Director of Domo Investment Group and Member of the Board of DOMO Chemicals commented, “I would personally like to thank Alex for his leadership in the successful growth and transformation of DOMO from an upstream nylon 6 specialist into a full integrated engineering materials company developing innovative and sustainable solutions in the Polyamide Industry. We are excited to welcome Yves Bonte to DOMO as the new CEO and Chairman of DOMO Chemicals. We believe he is the ideal person to lead the next chapter of the Company’s growth and transformation process. Alex will continue to significantly contribute to the success of new DOMO.”

Yves Bonte joins DOMO from Yara, the leading fertilizer company and a provider of environmental solutions where he held the role of Executive Vice President Industrial recently named New Business since January 2010, and was responsible for a business generating appr. 20% of Yara’s total revenue of 12.9 billion USD. Prior to Yara, he held a variety of business leadership, commercial and operations roles at Lyondell Basel and Exxon Chemicals. Since 2018 Yves is as Board Member of DOMO.

“I have a true passion for innovation and sustainability, and I am thrilled to join DOMO as its next CEO,” Yves Bonte commented. “The Company has established itself as a leader in sustainable polyamide based on its strong technology-driven product portfolio with a solid foundation to further build upon. I believe DOMO is uniquely positioned to support its customers’ manufacturing processes in a cost effective and sustainable manner. The recently announced long-term strategy and planned investment will position DOMO to reach new levels of growth and success.”

More information:
DOMO Chemicals
Source:

Marketing Solutions NV