CHT Group has acquired keimadditec surface (KAS) that was previously part of the Keim Group.
keimadditec surface is a supplier of high-performance wax additives, with a strong global position in the field of printing inks. The portfolio is enhanced with water-based specialty additives of the Silcona brand. Around 42 million euros will be added to the business volume of the CHT Group.
CEO of the CHT Group Dr. Frank Naumann said, “We are delighted that Mr. Keim, the owner and founder of the Keim Group, is placing his trust in us and that CHT Group was the chosen partner for the successful development of KAS with its long-established brands keimadditec surface and Silcona.”
Acquisition Leads to Expansion of Current Business
The acquisition results in a significant expansion to current business with additives for industrial applications and positions the CHT Group as one of the leading suppliers of wax additives in the paints and coatings industry worldwide.
Helmut Keim, owner of the Keim Group said, “
The CHT Group is committed to its focus on values and a sense of responsibility. Consequently, for me CHT is the ideal successor who can offer my employees and our customers quality and continuity. The acquisition provides advantages for both companies. The CHT Group gains a strong presence in the field of wax additives and in the printing ink industry. The two companies remaining in the Keim Group, Euroceras and Ceronas, get a strong, reliable and strategic partner.”
Axel Breitling, CFO of the CHT Group, deems the successful transaction a “
strategically and commercially meaningful acquisition which provides the CHT Group with solid added potential for the future.”
Strengthens Portfolio for Paints and Coatings Industry
The additives from KAS together with their strong distribution partners will significantly enhance and strengthen portfolio for the paints and coatings industry. With this transaction CHT Additives will gain greater presence internationally. With the wax additives CHT Group shall be creating significant added value for customers in a variety of industry segments.
Dr. Bernhard Hettich, CTO of the CHT Group, notes that the expansion of the CHT business to include wax additives does not only constitute technological enhancement. “
With this sustainable class of products CHT is in a position to serve attractive market segments. Adding to our product portfolio with sustainable wax additives underpins and supports our vision of being the leading international benchmark for sustainable chemistry.”
The parties to the contract have agreed to keep the contractual details of the transaction confidential.
Source: CHT Group