In a bold move to expand its global footprint, Italian thermoplastics giant Lati Industria Termoplastici S.p.A. has sealed a high-stakes deal in India, acquiring Loxim Industries Limited’s engineering plastic compounds division and launching a joint venture to power its local operations.
The transaction, stitched together with legal guidance from Cyril Amarchand Mangaldas in tandem with HEUSSEN Studio Legale e Tributario, sees the formation of Lati-Loxim Thermoplastics Private Limited — a joint venture company where LATI holds a controlling 51% stake and Loxim’s key promoters retain the remaining 49%.
This wasn’t a piecemeal deal. It was a two-part composite transaction: first, LATI took over Loxim’s engineering thermoplastics division via a business transfer structured as a slump sale. Second, LATI made a strategic investment into the new joint venture company to bankroll the acquisition.
The transaction was inked on March 30, 2025, and reached completion by June 12, 2025.
CAM’s corporate dealmaking team was led by Alok Sonkar, with vital contributions from Karishma Jumani, Utkarsh Mankad, Akansha Menghrajani, Khushboo Bapna, Ishita Sharma, and Aayush Panwar. On the real estate front, Siddharth Singh and Rushi Panchal handled the heavy lifting.
With this acquisition, LATI plants a solid industrial flag in one of Asia’s fastest-growing markets, positioning itself to ride the thermoplastics wave with local backing and global expertise.
