NEXTCHEM has signed an agreement to acquire Ballestra Group, enhancing its capabilities in specialty chemicals and fertilizers, with a total enterprise value of €108.3 million.

Information on the Target

The Ballestra Group, founded in 1960 and headquartered in Milan, Italy, is a distinguished leader in the licensing, design, and engineering of processing plants, as well as the supply of proprietary technologies and equipment for the chemical industry. With a footprint spanning over 120 countries and approximately 450 employees, Ballestra operates alongside its subsidiaries, BUSS ChemTech AG in Switzerland and Ballestra Engineering and Projects Pvt. Ltd in India, and serves a diverse clientele that includes numerous blue-chip companies. The group boasts a proven track record with over 6,400 plants installed globally, bolstered by a robust intellectual property portfolio and R&D expertise, supported by proprietary pilot plants in Italy and Switzerland that act as innovation hubs for testing and developing new technological processes.

Ballestra specializes in products and processes related to detergents, surfactants, and oleochemicals, catering to both chemical producers and leading Fast-Moving Consumer Goods (FMCG) companies through its Mazzoni brand. Additionally, its chemicals division focuses on advanced production processes for sulfuric and phosphoric acids, which are critical components in creating phosphate-based solutions, NPK nutrients, and specialty fertilizers. The integration of Ballestra's expertise in phosphate, sulfur, and potassium-based fertilizer technologies will enhance NEXTCHEM’s portfolio and market strategy in the fertilizer sector.

Industry Overview in Italy

The specialty chemicals industry in Italy is a vital component of the national economy, contributing to both domestic and international markets. The sector is characterized by a strong emphasis on innovation and sustainability, which reflects the growing demand for environmentally f