Arjobex chooses the flagship product of its new brand
Specialty substrates manufacturer Arjobex has changed its name to Polyart.
Arjobex Synthetic Papers acquired the German group MDV at the beginning of the year.
The company manufactures synthetic papers used for labels, tags, cards, packaging, advertising and signage. Its brands include the now eponymous Polyart, as well as Robuskin, Fluolux, Satinex and Fiberskin.
The company said the rebranding as Polyart would “further support its global brand.”
The company’s sales have risen 20% this year to over €70m (£59.8m), with Europe accounting for the lion’s share of sales at 70%, and the United States United (20%) and Asia (10%). balance.
CEO Stephane Daveau said the merger with MDV has resulted in “significant operational and industrial synergies”.
“In 2022, we aim to develop significant commercial synergies by relying on the group’s global commercial network. Polyart is now a cohesive group, solidly equipped to establish itself in growing markets,” he said.
Plans for next year include opening an Indian subsidiary and growth plans for its US business. Polyart hinted at new M&A activity and said shareholders Prudentia Capital and Indigo Capital support its ambitions to “continue to consolidate the industry.”
Polyart has six production sites, two of which are located in the United Kingdom: Arjobex in Clacton-on-Sea and Tech Folien in Liverpool.
The group has some 300 employees worldwide.
He recently appointed Mark Grimbley to the newly created position of Head of Corporate Social Responsibility, reporting to Daveau, in a bid to take his sustainability credentials “to the next level”.