Siwax Group

Iberceras and Spica announce a merger to form Siwax Group

On 30 July 2012, the Spanish company Iberceras and Spica, of Italian origin, signed a merger agreement aimed at joining forces, developing new business and preparing for the fresh challenges presented by the global market.

This joint-venture consolidates their leading positions in the production and sale of ready-made waxes and hotmelts for industrial packaging and emulsions.

In the opinion of the Chief Executive, Giovanni Fabiani, "the new holding Siwax Group, signals a decisive change in the expansion strategies of both companies, marking a new era in which the increased synergy gained will augment our sales and competitiveness in the international arena.
We forecast a predicted turnover of approximately 50 million euro in 2013".

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