Villa Industrie Chimiche began its activities in 1962 with the production of textile chemical auxiliaries located in Milano, grew to a leading position in the Italian market and thereafter diversified into foreign markets.
"The acquisition will strengthen its commercial footprint and extending its geographical reach in the textile specialty chemical market which is among its earliest market segments and where Organik Kimya has a significant presence, with its acrylic polymers," Kaslowski said.
Organik Kimya will continue to work on value creation and synergies from the proposed acquisition in order to provide creative product and service solutions to its customers while growing in solution acrylic markets, added Kaslowski. (RR)
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