Officine Maccaferri acquired Iterchimica and Surface Tech, creating a new High-Performance Materials vertical focused on lower-carbon and climate-resilient infrastructure.
Completion of the Iterchimica transaction remains subject to customary regulatory and antitrust approvals.
Iterchimica develops asphalt additives designed to improve durability and increase the use of recycled asphalt.
The company’s technologies can increase asphalt durability by more than 75% and enable recycled asphalt content of up to 100%.
Its Gipave solution has demonstrated approximately 40% lower carbon dioxide emissions compared with conventional methods.
Surface Tech develops aramid fiber reinforcement technologies for pavement applications.
Its products can reduce cracking by approximately 30% to 50%, helping extend pavement life and reduce the materials required for maintenance and replacement.
Maccaferri said the acquisitions create an integrated offering spanning the full pavement system, from subgrade through surface.
The new vertical combines Maccaferri’s geosynthetics and engineering capabilities with Iterchimica’s asphalt chemistry and Surface Tech’s reinforcement technology.
The strategy is designed to help customers improve infrastructure durability while reducing virgin material use and environmental impact.
Iterchimica was founded in 1967 and is headquartered in Bergamo, Italy, with a strong European presence.
Surface Tech was founded in 2013 and is headquartered in San Diego, with a focus on the North American market.
Maccaferri operates across five continents and serves customers in more than 130 countries, providing both businesses with access to a broader international network.
As part of the transactions, the entrepreneurs behind Iterchimica and Surface Tech will reinvest alongside Maccaferri and become shareholders in the group.
They will also continue to play leading roles in their respective businesses.
KEY QUOTES:
“These acquisitions are much more than an expansion of Maccaferri’s pavement offering. They demonstrate the model we are building with Maccaferri: identifying outstanding specialist businesses in sustainable infrastructure, bringing them together on a global engineering platform and accelerating their international growth.”
Andrea Venturini, Partner at Ambienta
“High-Performance Materials represents an important new chapter for Maccaferri. By combining our engineering and geosynthetics expertise with Iterchimica’s advanced asphalt chemistry and Surface Tech’s aramid reinforcement technologies, we can address pavement as an integrated system – from foundations to surface – and deliver better performance with a lower environmental footprint.”
Stefano Susani, CEO of Officine Maccaferri
“Joining Maccaferri takes that ambition to a new scale, with the Group’s engineering capabilities and global customer relationships bringing our solutions to new markets around the world.”
Federica Giannattasio, CEO of Iterchimica
“Joining Maccaferri opens an exciting next chapter of global scale for Surface Tech. Together with Maccaferri and Iterchimica, we can now offer fully integrated solutions across the pavement ecosystem.”
Nick Slinde, CEO of Surface Tech
