Radici acquires polyamide engineering plastics division Resinas

Radici acquires polyamide engineering plastics division of Resinas

2:47 PM, 5th August 2015
Radici acquires polyamide engineering plastics division of Resinas

GANDINO, ITALY: Radici Plastics Mexico S de RL de CV, a new RadiciGroup company: the RadiciGroup plastics business area has strengthened its production capacity in the North American market by acquiring the polyamide engineering plastics division of Resinas TB SA de CV, a Mexican manufacturer with over 40 years’ experience in the plastics industry. The sale was closed on 4 Aug. 

Located in Ocotlan near Guadalajara – a logistically strategic area to serve automotive firms in North and Central Mexico – the Mexican facility has an installed production capacity of 8,000 tonne per year and employs over 30 people. The newly acquired Radici Plastics Mexico, will allow RadiciGroup, already present in North America with its Radici Plastics USA Inc production unit in Wadsworth, Ohio, to operate directly on the Mexican market, thus strengthening its market and competitive position in North America and Central America.

“In the last three years, Mexico has kept up double-digit growth in our business. It is a steadily growing business in the automotive market,” said Luigi Gerolla, CEO, RadiciGroup plastics business area. “The main players in the automotive industry, top brands such as FCA, BMW, General Motors, Nissan, Ford and Volkswagen Audi, to name just a few, have been investing heavily in Mexico for some time, as have the major world automotive part manufacturers.”

“Radici Plastics Mexico, which is already in full operation will synergistically combine our well-established sales network and Resinas TB’s competence in the polyamide industry, with the know-how in nylon chemistry and the vertically integrated raw materials production,” said Danilo Micheletti, COO, North America, South America and China, RadiciGroup plastics business area. “We can support a series of important new projects that we are working on with auto industry players in Mexico and all of Central America.”

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