Coim acquires Synres and creates a second hub for esterification products

The Italian multinational company producing speciality chemicals Coim has acquired Synres, company founded in 1947 and specialized in the production of alkyd and acrylic resins, and located near Rotterdam, in the Netherlands. The acquisition by Coim aims at enhancing the offer and expertise of Synres in the field of resins and making new investments to produce on site Coim aromatic polyesters - Isoexter - and aliphatic polyesters - Diexter. Coim presence in the Netherlands, with a second production hub for esterification products, in addition to the one located in Offanengo (Italy), and the proximity to the UK and Northern European markets will further increase Coim competitiveness.

"The acquisition is aimed on one hand at enhancing the existing production and expertise of Synres in the field of resins and, on the other hand, at creating added value for both shareholders and employees. The investment plan foresees the creation of a second Coim production hub on site for esterification products, in addition to the one in Offanengo, in Italy. From the first months of the year, we will start the local production of Isoexter - Coim aromatic polyesters for the production of thermal insulation materials - and the production capacity expansion. This project will lead to the creation of a second production hub for all COIM esterification products. We will also invest on products already developed by Synres R&D, in order to establish Synres as an important player at international level in few years", Giuseppe Librandi, President and CEO of Coim, explained.