On April 1, the European specialist in the formulation and manufacture of technical polymers for the plastics industry, Addiplast Group took over the company Toyo Ink Europe Specialty Chemicals, from Villers-Saint-Paul (Oise). This is a dyestuff unit for plastics, created in 2008 by the Japanese listed group Toyo Ink, which also produces high performance pigments for LCD screens and industrial machines in Seine-Maritime.
The operation brings 33 employees and 12 million euros in additional turnover to the Auvergne family SME, which achieved 33 million in its last financial year (ended at the end of March 2020) and whose workforce exceeds 140 people. It aims for 50 million euros by 2023.
This Hauts-de-France site, renamed “Addicolor”, is in addition to those already operated in Saint-Pal-de-Mons and Sainte-Sigolène, in Haute-Loire and at its research center of around ten. color engineers and technicians. It increases its capacity to 40,000 tonnes and provides it with expertise in the formulation of color additives. Denis Chantegraille, President of Addiplast Group, explains that the operation strengthens its position as European leader in specialty technical compounds and allows it to position itself in new markets, such as technical surface protection film and food packaging in PET.
Specializing in the formulation, manufacture, fireproofing and coloring of polypropylene, polycarbonate and polyamide compounds used in plastic injection in the form of granules, he is aimed at the automotive, electrical engineering, electronics, luxury cosmetics, health and chemical markets. In supplying products or providing services.
Recycled or biobased material
“In recent years, we have been developing, particularly at the request of our automotive and cosmetic customers, ingredients made from recycled materials, with a limited or bio-based carbon footprint, from wood fiber and miscanthus. or castor oil ‘, adds the head of Addiplast Group, which is also in the process of buying the 14% of the company’s capital held since 2015 by bpifrance and Sofimac Partners.