ADDEV Materials acquires PARAFIX
Parafix Tapes and Conversions Ltd Has announced that it has recently joined ADDEV Materials Group. Founded in 2006, ADDEV Materials is an international company, with 700 employees, in 15 industrial plants in Europe and North America, with a turnover of 180 million euros in 2022.
ADDEV Materials focuses on two main activities: The converting of technical films, tapes and foams The custom packaging of surface treatments, adhesives and paints ADDEV Materials aims to optimize the industrial performance of its customers in the industries of Aerospace & Defense, Mobility & Power, Healthcare & Hygiene, Industries & Construction.
For Parafix, this partnership with ADDEV Materials Group is fully in line with its strategy to develop value-added converting, and to provide customized adhesive solutions to the most demanding industries.
It will strengthen Parafix’s die-cut capabilities, reinforce its long-standing relationships with world leading adhesive suppliers, and will provide its customers with access to a wider range of product solutions.
Commenting on the acquisition, Pascal Nadobny, President of ADDEV Materials, commented “We are very pleased to welcome Parafix into our group. This acquisition is fully in line with our strategy to develop value-added converting and to provide customized adhesive solutions to the most demanding industries, such as healthcare.”
Steve Barwick, General Manager of Parafix, said, “For Parafix, this partnership with ADDEV Materials Group represents a real opportunity to bring new products and expertise to our existing customer base, and to further promote our die-cut solutions in Europe”.
By developing sourcing, industrial and sales synergies, Parafix will continue to provide its customers with the best possible support for their specific business needs. Parafix will continue to be run by the existing management team and internal organization, contacts and details remain the same. Previous owner Mike Punter will continue to be involved in the business, accepting a Senior Consultancy role with ADDEV.
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