Forvis Mazars acted as exclusive advisor to Polywater in its acquisition of Carima

Forvis Mazars advised Polywater, a leading U.S. manufacturer of lubricants, sealants, and cleaners for the electrical, water, and telecommunications infrastructure, on its acquisition of Carima S.r.l., Milan-based company specializing in environmentally friendly lubricants for optical-fiber cables’ installation.

Polywater Group is a market leader in the production of lubricants and cleaners used for cable and conduit installation and maintenance in the infrastructure and telecommunications sectors. Since its inception in 1974, the group, headed by American Polywater Corporation, has been at the forefront of developing innovative chemical solutions for cable installation and maintenance, boasting an extensive distribution network across all continents.

 Carima S.r.l., headquartered in Gessate (MI), is a renowned manufacturer of specialty chemicals for the electrical and electronics industry, with expertise in insulating gels, resins, and sealants. The company is recognized for its innovation in developing eco-friendly insulating materials.

Both companies are known for their commitment to innovation and sustainability, offering solutions that enhance efficiency while reducing environmental impact.

This strategic acquisition will enable Polywater to create significant operational and commercial synergies and to strengthen its presence in European markets.

Forvis Mazars' Advisory Role

Forvis Mazars advised Polywater with a multidisciplinary team composed of Alessandro Motta (partner), Claudio Merru (senior manager), Alberto Bertoli (manager), and Luca Monterubbiano (senior analyst) for financial aspects; attorneys Massimiliano Vento (partner), Andrea Gambardella (director), Luca Battilana, and Davide Mauro advised on contractual and corporate matters, Matteo Pollaroli (senior manager) and Chiara Favaloro (senior manager) provided counsel on employment law issues, while the tax advisory team, consisting of Giovanni Crenna (partner), Floriano Mascolo (senior manager), and Gherardo Bertelli Sguotti (manager), assisted the buyers during the tax due diligence phase.

Carima was advised by Studio Commercialista Benassi & Associati, with partners Mauro Benassi and Francesco Caccamo, acting as financial advisor, and Studio Legale Pedrazzini, with partner Gianluca Pedrazzini, advising on legal matters.