Cittadella, Febbruary 13th, 2020
Sirmax aquired 100% of SER in Salsomaggiore Terme specialized in plastics recycling, with a 15 million euros revenue and 30 employees.
This acquisition is a 1st step of a bigger project aimed to became an important global player in the circular economy business on the main market segments. Sirmax Spa is the 4th worldwide independent producer of polypropylene compound for automotive industry, home appliances, electronics and power tools. Company revenue rose to 300 million euros (+15%) with an Ebitda of 25 million euros (8,2%) and 600 employees around the world.
During the three year-period 2019-2021, the company aims for doubling turnover in 5 years thanks to 80 million euros investments.
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