Build-up by ING Parcom Private Equity: Safic-Alcan invests in Turkey
14 June 2011
Safic-Alcan SAS has confirmed that it has purchased the majority of the share capital of Interplast, a Turkish Istanbul-based company involved in the distribution of raw materials for the plastics industry. This acquisition fits into Safic-Alcan’s ongoing strategic policy for development by both organic and external growth. “Safic-Alcan has been looking to invest in Turkey for many years” said Philippe Combette, General Manager of Safic-Alcan. “We will now be able to meet the expectations of our core suppliers in this market. In addition this acquisition provides us with a strategic platform for the development of our own product portfolio especially in Rubber and Thermoplastics. The sustained growth that we have seen in this country will create many opportunities for us now and in the future”.
Specializing in the distribution of Thermoplastics and specialty compounds, Interplast will continue to be operated by the same management team, which remains as shareholder alongside Safic-Alcan. The strategy will be to expand market coverage to include rubber, coatings, adhesives, cosmetics and pharmaceuticals, building on the expertise of the Safic-Alcan group and its partnerships with key principals.
With existing business in Spain, Czech Rep., Poland and Romania, the Thermoplastics activity of Safic-Alcan is taking a significant step forward as a result of this investment. Interplast’s partners include Eurotec, DSM, Teknor Apex, Borealis Mobility, VampTech and Melos.
Founded in 2004, Interplast employs 12 people with a turnover of € 12 million.
Founded in 1847, Safic-Alcan employs 310 people globally with a turnover of € 300 million. Safic-Alcan is headquartered in Puteaux (France) and has built a significant presence in markets such as rubber, thermoplastics, coatings, adhesives, cosmetics and pharmaceuticals.
