The international distribution company of plastic raw materials Snetor enters directly on the Italian market by signing an agreement with Tecnopol

Snetor , the French group active in the global distribution of plastic materials, has recently signed a partnership with the Italian company Tecnopol , active in the distribution, trade and compounding of thermoplastic polymers, based in Turin, specialized among others in the medical field, automotive, furniture and packaging.

Tecnopol, with a turnover of 60 million euros in 2019, has signed an agreement with Snetor, which provides for the acquisition of up to 70% of Tecnopol's distribution activities, giving life to the Tecnopol Snetor group.

The remaining 30% of the capital will remain in the hands of the previous owners Tecnopol (Giancarlo Rizzi and Alberto Borio) who will continue to hold the roles of CEOs and management of the Italian reality to give continuity and growth to the company.

Furthermore, the agreement envisages merging the activities of Snetor Iberica and Tecnopol by creating a new distribution entity on the Spanish market controlled 60% by Snetor and 40% by Tecnopol.

Tecnopol's compounding business, via Omikron, remains outside the agreement between the companies but Tecnopol Snetor will handle the distribution of its products.

Snetor, a company with over 35 years of history and more than one billion euros in annual turnover, present in the American, European and African continents with 19 of its own offices, will strengthen its distribution presence in Europe through this partnership, entering directly into the Italian market, according of importance in Europe.