Delta Tecnic, a Spanish specialist in color masterbatches for the cable and PVC industries, announced that it has reached an agreement to acquire Impact Formulators Group (IFG), a leading Italian producer of additive and color masterbatches.

A press release said that the transaction, announced on May 14, will see IFG—formed by the combination of Ultrabatch, Masterbatch, and Eurocolor—join Delta Tecnic’s portfolio. Based near Milan, IFG manufactures additive masterbatches as well as color masterbatch products. The acquisition adds functional additives to Delta Tecnic’s primarily color-focused product line, enabling the group to offer a broader range of solutions to its customers.

The combined group will operate six manufacturing plants across Spain, Italy, and Mexico, employ more than 270 people, and generate over €100 million in annual revenue. Delta Tecnic intends to leverage its strong presence in Spain and Mexico to help IFG expand into the Spanish and American agricultural markets.