November 11, 2021
UBE Corporation Europe has recently completed the acquisition of the share capital of Repol S.L., becoming the sole shareholder of the company based in Almassora (Castellon province -Spain-). Following the purchase of a majority stake in March 2019, UBE took over the management of the producer of engineering plastics compounds, initiating an integration process that continues today.
Repol’s range of products and compounding development capabilities complement those that UBE has in the technical polyamides sector, reinforcing the business strategy of the Japanese multinational. Likewise, Repol’s recycling technologies constitute an asset for future commercial development in the face of stricter environmental regulations with plastic packaging materials, essential for food preservation.
Since 2019 and despite the difficulties caused by the pandemic and fluctuations in the markets, Repol has contributed positively to the results of the consolidated group UBE Corporation Europe, going from 61 to 83 people in its workforce, expanding its R&D laboratories and participating in the new medium-term investment plan for the years 2022 to 2024. Also, during this time, UBE has had the experience and support of the minority shareholder of Repol in the process of integrating the various management systems and policies in place.