Itelyum, a Lodi group for the management and recycling of industrial waste, is expanding by acquiring two companies in France and Germany: Safechem Europe GmbH, based in Düsseldorf (Germany), and Soledi Sas, based in Beaumont-les-Valence (France), for a total turnover of approximately 40 million euros.
Itelyum is controlled by Stirling Square Capital PartnersLllp, with the participation of Deutsche Beteiligungs AG, and is present in Italy with 34 operating units.
Safechem Europe GmbH is a European leader in safe and sustainable solvent solutions and high value-added services for surface cleaning applications.
Safechem serves more than 5,000 customers worldwide (including China, the United Kingdom, the United States and Mexico).
The French company Soledi is mainly active in the distribution of pure and recovered solvents, paints and in the intermediation of chemical waste.
"In recent years - states Marco Codognola, CEO of Itelyum - Itelyum has strengthened and consolidated its position as leader of the circular economy in the Italian market, which currently sees us as the main operator in the management and recycling of industrial waste. Today we pursue the same objective abroad, with the entry into the German and French markets in the field of chemical waste management and the marketing of sustainable chemical products and services. In this segment, where the Group is the technological leader, a strong synergy is thus created between the skills of the local management teams and the Itelyum's know-how, in the name of innovation and sustainability".
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