This alliance will allow Poliya, a manufacturer of composite resins and gel-coats, to provide Central and Eastern Europe customised polyester resins and high performance, custom coloured gel-coats with improved logistics, faster response times, reduced lead times and lower costs.

Buelent Oeztuna, CEO of Poliya, stated: "We are very pleased to have Novaresine as the exclusive manufacturer of Poliya products. As the demand for our products continue to grow, it is imperative that we have a partner that share the same values. Novaresine's technical expertise, capacity, and high quality standards will allow us to expand our European market share."

This announcement marks another milestone in Poliya's regional growth, following the 2011 acquisition of Cam Elyaf Resins.

Stefano Fioratti, CEO of Novaresine, says: “We are are excited about the potential of this collaboration with Poliya and anticipate beginning production in the second quarter, 2012.”