Information on the target
Officine Maccaferri S.p.A. (“Maccaferri”) has strategically acquired Iterchimica S.p.A. (“Iterchimica”) and Surface Tech LLC (“Surface Tech”), thereby establishing a new High-Performance Materials vertical within its operations. This acquisition aims to enhance Maccaferri's capabilities in providing lower-carbon, climate-resilient infrastructure solutions. Iterchimica, a leader in asphalt additives, significantly improves the sustainability of asphalt, while Surface Tech specializes in advanced materials that enhance pavement durability.
The integration of these companies is expected to create a comprehensive offering that spans the entire lifecycle of road infrastructure, from construction to maintenance. With a global infrastructure market valued at €12 trillion, Maccaferri is poised to leverage its international reach to accelerate the growth of both Iterchimica and Surface Tech in new markets worldwide.
Industry overview in the target’s specific country
The Construction Materials (NEC) industry in Italy is characterized by a strong emphasis on innovation and sustainability, particularly in the context of climate change. As one of the largest sectors within the Basic Materials category, it plays a crucial role in the country’s infrastructure development. The Italian construction materials market is increasingly focused on reducing carbon emissions and enhancing the durability of materials used in civil engineering projects.
Italy's civil infrastructure is responsible for approximately 5-8% of global CO₂ emissions, necessitating a shift towards more sustainable practices. The demand for construction materials that minimize environmental impact is growing, driven by both regulatory pressures and public awareness of climate issues. Companies in this sector are investing in research and development to create advanced materials that can significantly reduce the reliance on virgin, fossil fuel-derived inputs.
Technological advancements in asphalt and additives are particularly noteworthy. Innovations such as recycled asphalt and durable asphalt formulations are gaining traction, allowing for a reduction in the consumption of virgin materials by up to 93-99%. This shift not only addresses environmental concerns but also enhances the lifecycle performance of road infrastructure, leading to lower maintenance costs and extended service life.
As Italy continues to prioritize sustainable infrastructure, the Construction Materials (NEC) industry is well-positioned for growth. The integration of companies like Iterchimica and Surface T…