Paris-La Défense, March 3rd, 2023

Safic-Alcan, a leading distributor of specialty chemicals, has
announced the acquisition of 100% of PNP, an Italian food ingredients distributor.

Founded by Mr. Paolo Pennati in 2012, PNP has a strong presence in the dairy and food ingredients
market, with its headquarters located in Milan. This acquisition will complement the business of
Castelli Food, which Safic-Alcan acquired in 2019. “We are committed to expanding our sectorial
diversification and this acquisition marks another important step towards increasing our activities in
the food industry,” said Yann Lissillour, CEO of the Safic-Alcan Group. “We are excited to welcome
Paolo to our team and ensure a smooth transition.”

“I am delighted to join the Safic-Alcan family and look forward to leveraging the synergies between
our companies to create value for our customers,” added Mr Paolo Pennati.

Safic-Alcan is also pleased to announce the appointment of Mr Paul Flory as the head of Group
food development, effective March 1st. “With Mr Flory’s extensive experience and expertise in the
food industry, we are confident in his ability to drive our growth and success in this important
sector,” commented Jose Lora, Managing Director Life Sciences and member of the Executive

This acquisition and appointment demonstrate Safic-Alcan’s continued commitment to expanding
its presence and expertise in the food industry, and the company looks forward to delivering even
greater value to its customers in this sector.

About Safic-Alcan

Safic-Alcan is a French independent distributor of specialty chemicals headquartered in Paris La Défense (France). The
Company develops and provides wide ranges of polymers, materials and additives for the rubber, coatings, adhesives,
thermoplastics, polyurethane, lubricants, detergency, cosmetics, pharmaceuticals, and nutraceuticals industries. With a
network of 33 offices strategically located in Europe, Turkey, Middle East, North America, Mexico, South America, China
and South Africa, and 733 people worldwide, Safic-Alcan generated a turnover of 725 M€ in 2021. Learn More


About PNP S.R.L

PNP Srl is an Italian Company specialized over the years in the sales of milk products with growing success both with the big names in
the Italian food industry and with important small and medium-sized players in the variegated and fragmented Italian food
ingredients market. PNP also provides to customers solutions and know-how to enhance the milk products performance across
different applications


Contact info
Loraine Lombardi