Belgrano's participations

Novacel is the world leader in industrial process films, offering the most comprehensive range of process and surface protection films on the market. 

Following the sale of a majority stake in Novacel to KPS on 19 May 2026, the Group retains a minority stake of 17 %, confirming its confidence in Novacel’s growth potential and its desire to capitalise on the consolidation trend within the sector.

For more than 40 years, the business has been developing cutting-edge technological solutions that preserve and enhance the value of the materials used by its customers in a wide range of sectors, including construction and renovation, furniture, household appliances, mobility and signage.