# Pennel & Flipo to acquire Italian films producer Fait Plast

Pennel & Flipo, a portfolio company of IDI, signed a protocol to acquire Fait Plast, a European leader in thermoplastic technical films. The deal is expected to close by end of June 2017.

- Type: Acquisition
- Announced: 2017-05-17
- Where: Brescia, Italy, Italy
- Status: announced
- Products: thermoplastic technical films, technical fabrics
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Pennel & Flipo](https://endata.com/companies/24318.md) (acquirer)
- [Fait Plast](https://endata.com/companies/24319.md) (target)
- [IDI](https://endata.com/companies/24320.md) (investor)

## Sources

- [francebourse.com](https://www.francebourse.com/fiche_news_124454.fb), 2017-05-17: "L'IDI annonce une opération stratégique structurante pour PENNEL & FLIPO avec la signature d'un protocole pour l'acquisition de la société familiale italienne FAIT PLAST"
- [marketscreener.com](https://www.marketscreener.com/quote/stock/IDI-5352/news/IDI-27-06-17-Major-acquisition-for-Pennel-Flipo-Acquisition-of-Italian-company-Fait-Plast-24658055/), 2017-06-27: "This acquisition occurs in the context of IDI's strategy to build European champions, able to address niche markets worldwide."
- [orca.eu](https://orca.eu/en/major-acquisition-of-italian-company-plast-for-pennel-flipo/), 2017-07-06: "Pennel & Flipo is pleased to announce a strategic and structuring external growth with its major acquisition of FAIT PLAST, European leading manufacturer of technical thermoplastic films."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.