Milan, December 17, 2024 – Koinos Uno, the private equity fund of Koinos Capital SGR, an independent multi-strategy investment firm, continues its project to develop an Italian centre of excellence in the masterbatch sector with the acquisition of 100% of Eurocolor through its holding company, Impact Formulators Group.
With this transaction, Impact Formulators Group completes its portfolio by adding the colour segment and positions itself among the Italian leaders in the strategic masterbatch sector – a rapidly growing industry with extensive applications – while also starting to target international markets. Created and controlled by Koinos Uno, the Group was established in 2023 through the integration of Ultrabatch, a company specialised in additive masterbatches for agriculture, and Masterbatch, focused on flame-retardant additive masterbatches for the construction and electrical cable sectors.
Active for over 25 years in the production and commercialization of masterbatches for colouring plastics and special materials, Eurocolor – headquartered in Lonate Pozzolo (VA) – has historically grown at a CAGR of 6% per year, with an EBITDA exceeding 20%.
The company, which currently employs 26 people and operates six production lines, serves sectors such as luxury footwear, cosmetics and hygiene, sports accessories, and many others. Over the years, Eurocolor has made significant and consistent investments in technological innovation, allowing it to achieve high standards in capacity, production efficiency, and colour customization, driving strong business growth.
The transaction reflects Koinos Capital SGR’s distinctive entrepreneurial approach – focused on creating Italian centres of excellence with international competitiveness – and a shared vision with the entrepreneurs Maura Pruneri, Gianluca Fabris, and Annamaria Giraldo, who will continue to lead the company and reinvest in the holding company, Impact Formulators Group.
“With the addition of a company of excellence like Eurocolor, Impact Formulators Group achieves leadership in the masterbatch sector and strengthens its position. Thanks to this integration, our offering becomes comprehensive and widespread, enabling us to vigorously pursue the development of our industrial project with the goal of more than doubling our turnover – currently around €45 million – within the next two years,” commented Nicola Strazzeri, CEO of Impact Formulators Group.
“We are proud of the evolution of Impact Formulators Group, which – just one year after its inception – is leading the Italian market in a highly dynamic and promising sector like masterbatches. With the integration of Eurocolor, the vision we have had from the start of this journey becomes even clearer: to create an innovative Italian centre of excellence capable of becoming a leader in international markets,” commented Francesco Fumagalli, Founding Partner of Koinos Capital SGR.
In the transaction, Koinos Capital SGR was advised by Studio Alpeggiani for contractual matters, KPMG for financial consulting, Studio Russo De Rosa for tax and legal aspects, and ERM for the environmental due diligence. Eurocolor was assisted by Bonelli Erede for contractual matters and Studio Schena for deal structuring.