Incendin strengthens its European position in life saving chemistry by acquiring Prophos, Italian leader in fire-fighting agents and flame retardants

Incendin NV (‘Incendin’), a European leader in life saving chemistry, is proud to announce the acquisition of ProPHOS S.r.l. (‘Prophos’), market leader in fire-fighting agents and flame retardants in Italy.

Through this acquisition, Incendin is strengthening its position in both fire-fighting agents and flame retardants for the wood panel industry, both in Italy as well as in key markets in Europe.

Founded in 2011, the company employs 25 people in its San Giovanni in Croce plant, located in the Cremona region of Northern Italy. This acquisition is an important step in delivering on Incendin’s strategy by further strengthening its core position in Europe.

Vania Manfredi and William Grandi, co-owners of Prophos, state: “We are thrilled to become part of Incendin and look forward to leverage the Incendin commercial resources to bring the Prophos fire-fighting solutions to an even broader customer base.”

Tom Van Gyseghem, CEO of Incendin says, “This is an exciting acquisition for Incendin, which strongly underlines our European ambition. The acquisition of such a well-established company will bring joint growth opportunities in Italy and throughout Europe, providing our customers access to innovative and sustainable life-saving chemistry based on the latest recycling technologies. I warmly welcome Prophos into the Incendin family.”

In this transaction, Incendin has been supported by PedersoliGattai regarding its legal aspects and by Deloitte for its financial aspects. The financial details of this agreement will not be disclosed.

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