Polynt acquires 100% of Chemial

Polynt S.p.A. ('Polynt') acquired the entire share capital of Chemial Group S.p.A. ('Chemial') on 29 August 2009.

Chemial produces intermediate chemical products which are high purity organic esters used in numerous industrial applications. Chemial operates out of two facilities at located at Cavaglià in the province of Biella in Italy and Leek in Staffordshire in the United Kingdom. It has around 100 staff, and in 2007 reported consolidated turnover of some €52m.

Mediobanca acted as sole financial advisor to Polynt on the acquisition.