BOZZETTO AND ASUTEX JOIN FORCES TO CREATE A NEW LEADER IN THE TEXTILE CHEMICALS SEGMENT

Barcelona, 10th January 2020 – Bozzetto Group and Asutex announce the finalization of a
deal to create a new leader in the specialty textile chemicals industry.

Founded in 1987 and headquartered in Barcelona (Spain), Asutex is a renowned manufacturer of
chemical products with applications in textile industries. The company has grown internationally,
reaching over € 45 MIO revenues in 2019 in Europe, Asia and Latam. Asutex relies on production
plants located in Spain, Morocco, Colombia, China and Malaysia.

Founded in 1919 and headquartered in Filago (Bergamo), Bozzetto Group is a well-established
specialty chemicals company which recorded approx. € 130 MIO sales in 2019, with a strong focus
on textile chemicals. Other core segments are Construction chemicals and other specialties for
Agro and Water treatment. Bozzetto enjoys an international presence thanks to its five production
plants in Italy, Spain, Poland, Turkey and Indonesia. Bozzetto serves over 90 countries worldwide.

Roberto Curreri, CEO of Bozzetto Group said: “It is a very special time for the textile chemical
sector. The alliance between Asutex and Bozzetto will create a new leader in the market, allowing
our customers to benefit from the two companies’ know-how and innovation. Bozzetto and
Asutex complement each other both in terms of product range and geographical coverage. We
welcome Asutex people into Bozzetto family

Daniel Carreras, Sales Director of Asutex said: “Joining Bozzetto will enable us to strengthen
our position in the textile chemicals industry. We are very excited to open this new chapter of our
history.”

Ramon Navarro, Founder and Top Manager of Asutex said: “We are convinced that Bozzetto
is the right partner for Asutex to continue to grow. Relationships between the teams are already
fruitful and we are very motivated to start working on common projects.”

The two groups will continue to operate independently whilst exploiting common synergies
in terms of production facilities, know-how and market segments strategies.

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