Polywater Acquires Carima to Expand European Presence
Deal News | Nov 25, 2024 | Finance Community IT - 1 Corporate M&A
American company Polywater, known for its production of lubricants, sealants, and cleaners for the electrical, water, and telecommunications sectors, has acquired Milan-based Carima, a specialist in ecological lubricants for fiber optic cables. The acquisition was executed through Polywater BV, its Dutch subsidiary, and aims to bolster Polywater's commitment to advanced, environmentally friendly solutions. By integrating Carima, Polywater plans to expand its operational and production capabilities in Europe and promote a sustainability-oriented product offering. The complementary expertise of both companies is expected to drive the growth of global infrastructure, leading to a more efficient and environmentally respectful future. The financial advisor for Polywater was Forvis Mazars, while Carima was supported by Studio Commercialista Benassi & Associati and Studio Legale Pedrazzini.
Sectors
- Manufacturing Industry
- Telecommunications Industry
- Environmental Technology Industry
Geography
- United States – Polywater is an American company, making the United States a key geography in the context of this acquisition.
- Italy – Carima, a target company in the acquisition, is based in Milan, Italy.
- Netherlands – The acquisition was executed via Polywater's Dutch subsidiary, Polywater BV, making the Netherlands an important geographical element.
Industry
- Manufacturing Industry – The article involves companies like Polywater and Carima, which are engaged in the manufacturing of lubricants and other products for the telecommunications and electrical sectors.
- Telecommunications Industry – Carima, a company acquired by Polywater, specializes in ecological lubricants for fiber optic cables, which is relevant to the telecommunications sector.
- Environmental Technology Industry – The acquisition underscores Polywater's commitment to environmentally friendly solutions, linking the deal to the environmental technology industry.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Polywater | Acquiring Company | Company | An American group active in the production of lubricants, sealants, and cleaners for electrical, water, and telecommunications sectors. |
| Carima | Target Company | Company | A Milan-based company specializing in ecological lubricants for fiber optic cables. |
| Forvis Mazars | Financial Advisor | Company | Acted as the financial advisor to Polywater in the acquisition. |
| Studio Commercialista Benassi & Associati | Financial Advisor | Company | Provided financial advisory services to Carima during the acquisition. |
| Studio Legale Pedrazzini | Legal Advisor | Company | Provided legal advisory services to Carima for the acquisition. |