SergeFerrari Group (FR0011950682) designs, manufactures and distributes innovative flexible composite materials and is listed on Euronext Paris - Compartment C.
Saint Jean de Soudain, September 18, 2017
In line with its SF2020 plan combining organic growth with acquisitions, the Serge Ferrari Group today announces the signing of a draft agreement, subject to conditions precedent, on the acquisition of the entire share capital of Plastitex Spa.
Plastitex is a family business based in Italy specializing in the manufacture of innovative composite materials for use in indoor and outdoor furniture.
Based in Carmignano di Brenta (Padua), Plastitex employs around 60 people and posted 2016 revenues of €9 million and a profit margin similar to the Group's. The company has two production units located on the Carmignano site (Italy) and at Novi Grad (Croatia).
Recognized by international designers, Plastitex serves a large number of prestigious brands including Kettal, B&B, Moroso, Unopiù and Emu.
Closing is slated for December 2017.
This acquisition will considerably strengthen the Serge Ferrari Group's positioning in the indoor and outdoor furniture market via the addition of highly complementary product lines and know-how. Besides its expertise in new product design, Plastitex will also provide the Group with extra capacity and additional manufacturing flexibility.
Find all Company details at www.sergeferrari.com.
ABOUT SERGE FERRARI
SergeFerrari Group designs, manufactures and distributes high-tech eco-responsible flexible composite materials in a global market with an estimated medium-term value of €6 billion. The unique characteristics of these products make them ideal for technical applications in three fields: architecture, specialties for industry professionals, and composite membranes for the consumer market. The Group's principal competitive advantage lies in its differentiating technology - Précontraint® - and its associated proprietary industrial know-how. The Group has three production sites: one in France and two in Switzerland. Serge Ferrari operates in 80 countries through eight subsidiaries (in the US, Japan, Hong Kong, Brazil, India, China, Turkey and Germany), 2 representative offices (in Spain and Dubai) and a network of more than 100 distributors. Serge Ferrari posted 2016 consolidated revenue of €158.5 million, 75% of which was generated outside France. The company SergeFerrari Group is listed on Euronext Paris - Compartment C (ISIN code: FR0011950682). The SergeFerrari Group share is eligible for PEA-SME and FCPI Investment. www.sergeferrari.com
Serge Ferrari Group SA published this content on 18 September 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 18 September 2017 06:08:30 UTC.
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SergeFerrari Group specializes in the design, manufacture and distribution of flexible, eco-responsible, high-tech composite materials. The group provides materials for architecture (bioclimatic facades, exterior solar protection systems, retractable roofs, acoustic walls, blackout blinds, waterproof and breathable facades, etc.), specialty materials confining olfactory, gas and sound clearances of industrial sites, composite materials for the protection of boat equipment, materials for making furniture as well as materials for visual communication (facade clothing, billboards, streamers, banners, signage, etc.).
At the end of 2023, the group had 6 production sites located in France, Switzerland (2), Germany, Italy and Taiwan.
Net sales are distributed geographically as follows: Europe (71.6%), Americas (11.4%), Asia/Africa/Middle East/Pacific (17%).
SERGEFERRARI GROUP 
