Morri Rossetti involved in the valuation of Padanaplast (Solvay Group) for its sale to Finproject

Morri Rossetti was tasked with completing the valuation of Padanaplast as part of the agreement between the Belgium-based Solvay Group (vendor) and the Marche-based Finproject (purchaser) for the purchase and sale of Padanaplast.

Padanaplast, founded in Roccabianca (PR) in 1971 and specialised in the manufacturing of cross-linkable polyolefin-based compounds, for industrial use in the wire and cable and pipes-fitting sector, is now a leader in Europe, in addition to being firmly positioned in the Middle East, North Africa, Asia and Mercosur. In 2016, it generated revenues of EUR 82 million.

Mr David Attilio Rossetti, Name Partner, led the Firm’s Asset Appraisal Team, with the collaboration of colleagues Mario Tommaso Buzzelli and Gianluca Baro.