Polynt group enters a non-binding memorandum of understanding for the contemplated acquisition of Polyprocess

Scanzorosciate (BG), 27 March 2024

On March 5, 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 worldwide.

The parties have agreed to customary exclusivity undertakings while final discussions are ongoing and Polyprocess consults with employee representatives regarding the proposed transaction.

The contemplated transaction is expected to be signed and completed by the end of April 2024 and includes the transfer to Polynt Group of Polyprocess’s production plant located in Saint-Jean-d’Illac, France.

Rosario Valido, Chief Executive Officer of Polynt Group, stated:
“Polyprocess will complement the product portfolio of the Polynt Group. The synergy between Polyprocess technology and experience, combined with the innovation leadership of Polynt Group, will contribute to further growth in our industry, confirming our role as key players.”

Matthieu Castet, GMV Manager and CEO of Polyprocess, added:
“This project will give a new dimension to Polyprocess, particularly on a global scale. It will allow us to secure supplies and continue developing new product ranges by combining our recognized know-how with that of Polynt Group, maintaining high standards of quality and innovation in the years to come.”

Press Release