PARIS, France—Following the recent successful merger between companies ARJOBEX and MDV, industry leaders in specialty label facestock, packaging and advertising signage substrates, the new group adopted the name POLYART. This is to further support its global brand, strengthen its new objectives and accelerate its international development.
POLYART uses the fundamentals and common denominators of each company in the group: versatility, agility and the art of designing innovative solutions.
POLYART offers film and paper solutions for the industrial label market (chemical, food, horticulture, pharmaceutical, etc.) as well as decorative (wine, sprits and beverages in particular) and security (brand protection—This worldwide market is growing by 10 percent annually). The company also offers solutions for digital printing, the display market and custom coating.
POLYART achieved 20 percent growth in 2021 to reach more than €70 million in turnover, of which 70 percent is in Europe, 20 percent in the US and 10 percent in Asia. Building on this growth, the European leader in the sector intends to continue consolidating the sector with the support of its shareholders Prudentia Capital and Indigo Capital. Polyart will accelerate its development in the US, where it has a production site in Charlotte, NC, and expand into Asia with the opening of a subsidiary in India in early 2022.
“The recent merger has enabled significant operational and industrial synergies as well as valuable international support. In 2022, we aim to develop significant commercial synergies by leveraging the group’s global sales network. POLYART is now a cohesive group, solidly equipped to establish itself in growing markets,” explained Stéphane Daveau, CEO of POLYART.
Thanks to its innovative technologies, POLYART intends to accelerate the deployment of its sustainable and long-lasting solutions for all of its customers, distributors, converters and printers. Fiberskin (recyclable paper for short-term outdoor applications) and r-Polyart (recycled HDPE plastic film) are recent illustrations.
“This is an important commitment for us. POLYART is a committed solutions provider to facilitate recycling and the circular economy. This virtuous model was recently certified by ECOVADIS,” concludeed Daveau.