Delta Tecnic S.A. acquires Impact Formulators Group (IFG)

Dutch firm Delta Tecnic acquired Italian masterbatch producer Impact Formulators Group (IFG) to expand its product offering and enter new markets in Spain and Mexico. The transaction closed on May 16, 2025.

The deal will enable Delta Tecnic to broaden its range of colorant masterbatches by integrating IFG's expertise in functional additives. For Impact Formulators Group, the acquisition offers a strategic entry point into international markets such as Spain and Mexico.

Dutch acquirer Delta Tecnic is a leading player in the production of customized colorant masterbatches for various industrial sectors. Italian target IFG was formed by Koinos Capital SGR in 2023 through the consolidation of three additive and colorant masterbatch companies: Ultrabatch, Masterbatch, and Eurocolor.

Strategic Rationale

This acquisition supports Delta Tecnic's growth strategy by enhancing its product portfolio with IFG’s specialized functional additives. The deal also provides IFG the opportunity to leverage Delta Tecnic's market presence in Spain and Mexico for further expansion.

Financial Context

The transaction did not disclose financial details, such as purchase price or strategic metrics like revenue multiples. However, it highlights Koinos Capital SGR’s successful buy-and-build strategy in the masterbatch sector over a short period of time.

Koinos Uno, a fund managed by Koinos Capital SGR, acquired IFG just 20 months earlier and has now exited with Delta Tecnic. This rapid turnaround demonstrates the value creation potential for private equity firms in consolidating market players.

Advisors

The deal did not disclose financial or legal advisors on either side.

Outlook

Dutch company Delta Tecnic is set to strengthen its position as a leading masterbatch supplier with the acquisition of IFG. The integration will also open new geographical markets for both parties, particularly in Spain and Mexico.