COIM Acquires Neoflex

PRESS RELEASE

Growth at COIM, with the acquisition of Spanish company Neoflex

COIM is the sixth largest Italian chemical group, number one in Italy in the
field of speciality chemicals in the production of polyesters, polyols,
polyurethanes and speciality resins. It is among the top companies in the
world in the field of polyesters for polyurethane systems.

The Neoflex acquisition – part of the company’s downstream vertical
integration strategy – will allow COIM to expand its product portfolio.

Now that Neoflex is part of the COIM Group, the company’s clients will be
served in the regions where they operate all over the world.

Milan, May 26, 2021 – C.O.I.M. S.p.A., an Italian multinational company that has been
producing speciality chemicals since 1962 and operates worldwide with eighteen
manufacturing and trading companies, acquired a controlling stake in the Spanish
company Neoflex SL at the end of April 2021.

Neoflex – founded in Elche, Spain, in 1969 – specialises in one-, two-component and
Reactive Hot Melt polyurethane adhesives for industries.

“This strategic acquisition will allow COIM to strengthen its presence in the polyurethane
adhesives market,” said Giuseppe Librandi, President and CEO of COIM. “The
downstream integration of our polyesters will allow us to decisively enter a high value-added
and growing speciality market,” Librandi continued. “There are many synergies with COIM:
Neoflex provides solutions with a low environmental impact that also use raw materials
COIM already produces. In addition, by joining a structured Group like COIM, Neoflex
customers will be able to be served not only at the national and European level, but in all
regions of the world where they operate”.

With Neoflex’s intensive research and development, it is able to offer clients a complete and
constantly evolving range of adhesives, covering traditional applications and moving
towards the most innovative production processes. Neoflex solutions are used in a number
of processes in wood-furnishing, textiles, automotive, publishing and construction, in order
to make products such as door and window frames, wood floors, furniture, fabrics for
technical garments, books and sandwich panels for the construction industry.

Ufficio stampa C.O.I.M. S.p.a: Origgi Consulting S.r.l.
Responsabile: Dott.ssa Daniela Origgi
d.origgi@origgiconsulting.it – Mob. (+39) 347 1729113
Account: Dott.ssa Martina Busnelli
pressoffice@origgiconsulting.it – Tel. (+39) 039 2307137

COIM is the sixth largest Italian chemical group, number one in Italy in the field of
speciality chemicals – in the production of polyesters, polyols, polyurethanes and special
resins – and among the top companies in the world in the field of polyesters for
polyurethane systems. The company has always pursued an expansion strategy aimed at
intensifying its global presence through subsidiaries and production facilities in local markets,
with a product mix that changes according to the types of industries that operate in the
individual areas.

“We have a ‘products follow the market’ approach. It has been, and continues to be, the
determining factor for COIM’s success all over the world,” said Giuseppe Librandi. “In
addition to internal growth, another key factor in the Group’s expansion is our policy of
acquisitions with downstream integration in order to further expand our product portfolio, as
we have seen with our very recent acquisition of Neoflex in Spain,” concluded Librandi.