RadiciGroup closes Ester acquisition

RadiciGroup High Performance Polymers has completed its purchase of Ester Industries’ engineering plastics business.

Ester is an Indian producer of polyester films, engineering plastics and special polymers. The acquisition includes compound lines, R&D laboratories, customer/supplier contracts, and a production plant in Gujarat, India, which will become operational at the beginning of 2023.

RadiciGroup now aims to achieve annual sales in the Indian market of more than €50 million.