Founded in 2011 as a spin-off from the Ecole Polytechnique, Magpie Polymers produces proprietary technology that captures metals, such as palladium, platinum, silver and gold, that would otherwise be lost.
The investment allows Italmatch Chemicals to further consolidate its focus on industrial water & process treatment, and expand its production range.
“This transaction permits us to embrace open innovation and to continue our growth via both internal and external guidelines, through quality, research, development, technology and performance, but also through new and important acquisitions,” said Sergio Iorio, CEO of Italmatch Chemicals. “Magpie is an exciting challenge that we want to win together with the current Management.”
“After a development phase supported by FLM, a venture capital investment fund managed by Emertec Gestion, I am proud to enter the growth phase of our project with Italmatch Chemicals, a world-renowned company,” said Steven van Zutphen, CEO of Magpie Polymers. “Selectivity is the key to our technology, and it is with the same selectivity we have chosen to join forces with a Group that could, strategically and synergistically, develop our business through a strong innovation- driven approach and a global sales footprint.”