Following the opening of our Indian manufacturing plant, we have funded ICA North America.
A new company called ICA North America has been established. Thanks to the acquisition of our historic Canadian distributor for North American market, we have set up a new overseas subsidiary company with the aim of enhancing our direct presence in the most important global coatings market.
Our Canadian branch will initially also be responsible for the US market through a technical/sales team and on-site distributors, until a new company is also created in the US.
"This acquisition is the first step of ICA Group's growth strategy in the North American market, with a very ambitious future development plan in mind.
A new exciting challenge begins and it will allow ICA Group to acquire significant market shares".
Chairman Sandro Paniccia