Polyart has been confirmed as the new group name following the merger of Arjobex and MDV, specialists in label facestock, packaging and advertising signage substrates. This move is expected to further support of the global brand, strengthen its objectives and accelerate international development.
Polyart offers film and paper for various markets, including industrial, decorative and security labels. It also provides technologies for digital printing, the display market and custom coating.
The company achieved 20 percent growth in 202, reaching more than EUR 70 million in turnover, of which 70 percent is in Europe, 20 percent in the United States and 10 percent in Asia. Building on this growth, Polyart intends to continue consolidating the sector with the support of its shareholders Prudentia Capital and Indigo Capital. The company said it will accelerate its development in the United States, where it has a production site in Charlotte, North Carolina, and expand into Asia with the opening of a subsidiary in India in early 2022.
‘The recent merger has enabled significant operational and industrial synergies as well as valuable international support. In 2022, we aim to develop significant commercial synergies by leveraging the group’s global sales network. Polyart is now a cohesive group, solidly equipped to establish itself in growing markets,’ said Stéphane Daveau, CEO of Polyart.
Polyart intends to accelerate the deployment of its sustainable and long-lasting technologies for all of its customers, distributors, converters and printers with products such as Fiberskin (recyclable paper for short-term outdoor applications) and r-Polyart (recycled HDPE plastic film).
‘This is an important commitment for us. Polyart is a committed solutions provider to facilitate recycling and the circular economy. This virtuous model was recently certified by EcoVadis,’ concluded Daveau.