November 28, 2025 16:04

Industrie Polieco – M.P.B., one of Italy’s leading manufacturers of corrugated polyethylene pipes, compounds and polyolefin adhesives, is finalizing the acquisition of The Compound Company, a Dutch specialist in high-performance polymer compounds and chemically functionalized polymers.
This marks the group’s second acquisition in less than a year—this time outside Italy—following its purchase of pipe manufacturer Picenum Plast (read here).
The transaction is subject to consultation with the Dutch works council, in accordance with local regulations.

With more than 100 employees and facilities in the Netherlands and Germany, The Compound Company is projected to generate revenues of around €60 million this year.
The acquisition will significantly bolster Polieco’s international presence, aligning with its goal of reaching €300 million in consolidated revenues. The group already operates in Europe through Polieco France, Polieco Hellas (Greece), and Polieco Slovakia.

The Compound Company’s product portfolio includes high-performance polymer compounds and additives for the packaging, automotive, medical, solar and construction sectors. Its brands include Yparex, offering extrudable adhesive resins, and EcoForte, a line of thermoplastic compounds. The company also provides toll compounding services—custom formulation and processing of polymer blends for third parties.
The German facility, with a compounding capacity of about 70,000 tonnes per year, was acquired from ExxonMobil three years ago.

“This is an excellent company in the field of technical compounds, with a highly skilled team,” said Luigi Tonelli, president of Industrie Polieco. “It will enable us to accelerate our transformation into a true multinational. The experience and expertise of the Dutch and German management teams will be key to approaching international markets with ambition and confidence.”

Founded in 1977 and headquartered in northern Italy (Brescia province), Industrie Polieco – M.P.B. operates eight production sites with around 500 employees. Its current turnover stands at €195 million, which will exceed €250 million following the acquisition. The company is 85% owned by the Tonelli family via TP Holding, with the remaining 15% held by RFLTC - Polieco, backed by RedFish LongTerm Capital.

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