(PlastEurope) -- With the planned acquisition of Italian furniture films manufacturer Eurogloss on 1 October, German films producer Renolit is expanding its position on the Italian market. The acquisition will create additional production capacity for high-gloss films as well as supplementing the German company's portfolio in the growing 2D applications market, said Karsten Janicke, head of the Renolit Design business unit.
Eurogloss will be integrated into the newly established company Renolit Milano and is expected to generate sales of around EUR 13m this year. The furniture films manufacturer operates three calenders and two printing units for the production of high gloss and super matte films, along with 2D products for lamination and coating. The Italian market accounts for over half its annual output, with the remainder exported. Renolit has announced plans for restructuring production at the Peschiera Borromeo to raise profitability and improve quality.