Ilpea Paramount

Ilpea Paramount Limited INDUSTRIE ILPEA, founded in 1960, is a world leader in designing and manufacturing plastic, magnetic and rubber components. ILPEA' s headquarters are located in Malgesso-Varese (Italy). Here ILPEA's global strategy is developed both for its European and overseas plants. A number of significant events have contributed to ILPEA's success: # the merger with the American Group Pantasote Inc. in 1970; # the management buy out of the companies of Pantasote located in Western Europe by the existing management along with several international banks in 1989; # the setting up of new production plants or the acquisition of existing companies in Hungary, India, USA, Brazil, Spain and Sweden in the proximity of customers, according to the principles of global market" and "customer service" which have been successfully applied by ILPEA. the acquisition in 2001 of HOLM INDUSTRIES INC. with plants in U.S.A. and Mexico. This Division is capable of manufacturing innovative componentry which is designed in collaboration with the customer co-design, within various market sectors ranging from household appliances to car components and from window frames to shower units in the building industry. This Division has two large production plants in Italy and has moved on from a specialisation in household appliance components to a sophisticated product diversification. It now also supplies other production fields, such as the car industry, the bridge, tunnel and railway construction industry, and the window frame industry, as well as the building industry in general. This Division was established in 1968, originally for the manufacture of flexible magnetic profiles for refrigerator gaskets, but shortly after it also started manufacturing many other magnetic products for various industrial uses. These products are manufactured by extruding and calendering in-house formulated and produced ferrite powder based compounds. These three Divisions each have several plants and basically the same industrial and market mission. However, each Division has its own management, research and development centers, as well as sales structures which concentrate on their own product sector in order to achieve and guarantee the required level of specialization.