Following a merger between French substrates businesses Arjobex and MDV, the new group will be known as Polyart – the name of the synthetic paper brand which it invented – in order to further support its global brand and accelerate its international development.
The merged companies operated in speciality label facestock, packaging and advertising signage substrates and the combined entity will offer film and paper solutions for the industrial and decorative label markets and for security applications such as brand protection. It also has solutions for digital printing, the display market and also provides custom coating, based on its expertise in fluorescent and technical coatings. This worldwide market is growing by 10% annually.
Polyart reported 20% growth in 2021, reaching turnover of more than €70 million, of which 70% is in Europe, 20% in the United States and 10% in Asia. Building on this growth, the it intends to continue consolidating the sector with the support of its shareholders Prudentia Capital and Indigo Capital. Polyart 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,’ stated CEO Stéphane Daveau.
The company plans to accelerate the deployment of sustainable and long-lasting solutions, such as Fiberskin, a recyclable paper for short-term outdoor applications, and r-Polyart, recycled HDPE plastic film.
