Versalis to Expand Presence in Compounding Sector with Acquisition of Tecnofilm

Versalis, Eni's chemical subsidiary, has announced the successful completion of the acquisition of 100% ownership of Tecnofilm S.p.A., a specialized company operating in the compounding sector, following regulatory approval.

Tecnofilm, a family-run enterprise situated in the Le Marche region, specializes in manufacturing functionalized polyolefins and thermoplastic compounds derived from plastics and elastomers, primarily catering to the footwear and technical goods sectors. Established in 1972, Tecnofilm has progressively broadened its product array, offering a diverse range of compounds and functional polymers for various industrial applications and technical articles. Through sustained investments in equipment, research, and development, Tecnofilm has secured patents for numerous products, earning recognition as an "Innovative SME" by the Italian Business Register's special section in 2015. In November 2016, Tecnofilm became a member of ELITE, an international platform created by Borsa Italiana to promote the development of outstanding companies.

Adriano Alfani, CEO of Versalis (Eni), remarked, "The acquisition of Tecnofilm represents a significant step forward in Versalis' business specialization strategy. This acquisition presents an opportunity to broaden and enhance our product portfolio by incorporating downstream supply chain operations in elastomer-based compounding, particularly in the industrial applications and footwear sectors. With Finproject, already a prominent player in this supply chain, Tecnofilm's integration will be highly complementary."

Eni, originally founded on February 10, 1953, as Ente Nazionale Idrocarburi, emerged as a pivotal force in Italy's energy policy reconstruction under the leadership of Enrico Mattei – an entrepreneur, parliamentarian, and former Partisan Commander. Eni played a crucial role in driving Italy's economic resurgence, becoming a catalyst for growth during the post-war period. In 1995, Eni transitioned into a publicly traded company, embarking on a trajectory that would establish it as a global energy powerhouse with a robust technological foundation.

Post-2014, Eni embraced new challenges, initiating a transformational journey to align with the evolving energy landscape and embrace the principles of energy transition. Eni's ongoing commitment to achieving Net Zero emissions underscores its dedication to navigating the complex energy transition, considering the entire energy value chain. Throughout its history, Eni has been steadfast in supporting Italy through significant economic and social transformations, leveraging its resources to drive progress.

Building upon this legacy, Eni embarked on a new phase of profound evolution in 2014, driven by the imperative to address climate change and advance the energy transition agenda. This transformative process has seen Eni undergo substantial changes, embracing and advancing solutions and technologies aimed at delivering increasingly decarbonized products and services to its customers. Eni's holistic approach encompasses the entire supply chain, reflecting its commitment to sustainability and innovation.