Scanzorosciate (BG), 27 March 2024 – On 5 March 2024, Polynt S.p.A., Groupe MV, Polyprocess and other minority shareholders of Polyprocess entered into a non-binding Memorandum of Understanding for the sale of Polyprocess to Polynt S.p.A. Polyprocess is a leading supplier of specialty gelcoats, color pastes and derivatives for the composites industry, with a long-standing history of excellence among customers and an outstanding quality record recognized in the composites world.
The parties have agreed to customary exclusivity undertakings, while the parties finalize their discussions and Polyprocess consults with their employee representatives on the proposed transaction. The contemplated transaction is expected to sign and complete by the end of April 2024 and envisages also the transfer to the Polynt Group of Polyprocess’s production plant located in Saint-Jean-d’Illac, France.
Rosario Valido, Chief Executive Officer of the Polynt Group stated: “Polyprocess will complement the offering product portfolio of the Polynt Group. The synergy of Polyprocess technology and experience combined with the innovation leadership of Polynt Group will contribute to the further growth in our industry, confirming our role of key-players in this industry”
Matthieu Castet, manager GMV, GMV CEO of Polyprocess, added: “This project will give a new dimension to Polyprocess, particularly worldwide. It allows us to secure supplies but also to continue to develop new ranges of products, combined with our recognized know-how and that of the Polynt Group, to maintain our high standards of quality and innovation for the coming years.”