Orinko Advanced Plastics to acquire a 70% majority stake in Omikron from Micca 22 and Investar for $23.7m.

Orinko Advanced Plastics, a Chinese manufacturer of polypropylene for household electrical appliances, to acquire a 70% majority stake in Omikron, an Italian producer of plastic products, from Micca 22 and Investar, Italian investment firms, for $23.7m. “This partnership represents an excellent opportunity to consolidate and exponentially grow our presence in the European automotive sector. The integration with Orinko will allow us to access new technologies, expand our product range and serve our European customers more effectively. We will continue to lead the company in the years ahead, ensuring stability and enhancing the value of our team’s expertise,” Alberto Borio and Giancarlo Rizzi, Orinko Advanced Plastics managers and shareholders.