# Versalis acquires 40% stake in Finproject

Versalis, Eni's chemical company, acquired a 40% stake in Finproject, an Italian leader in polymer compounding and ultralight products, from VEI Capital fund. The deal was announced on February 26, 2020.

- Type: Acquisition
- Announced: 2020-02-01
- Where: Morrovalle (Macerata), Italy
- Status: announced
- Products: high-performance formulated polymers, ultralight expanded products (XL EXTRALIGHT)
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Versalis](https://endata.com/companies/10520.md) (acquirer)
- [Finproject](https://endata.com/companies/23516.md) (target)
- [VEI Capital](https://endata.com/companies/44937.md) (partner)

## Sources

- [eni.com](https://www.eni.com/en-IT/media/press-release/2020/02/versalis-finproject.html), 2020-02-01: "This operation is part of Versalis' development strategy to re-position its portfolio on higher specialisation and geographical expansion."
- [versalis.eni.com](https://versalis.eni.com/en-IT/news/press-release/2020/versalis-to-acquire-40-of-finproject-to-create-an-integrated-supply-chain-for-special-polymers.html), 2020-02-26: "Versalis, Eni's chemical company, has acquired 40% of Finproject, the Italian leader in the compounding sector and the production of ultralight products"
- [ansa.it](https://www.ansa.it/marche/notizie/speciali/2020/02/27/versalis-eni-acquista-40-finproject_aabf7584-8e72-44fa-b4d8-66a301bd0297.html), 2020-02-27: "Finproject, forte di una storia imprenditoriale che ha sempre posto al centro della sua attività la ricerca di nuove soluzioni e spirito d'innovazione, ha trovato in Versalis un partner industriale in grado di comprendere il grande potenziale di sviluppo dell'azienda per svilupparlo su scala globale"

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